WE CATER FOR LARGE CORPORATES, SMALL-MEDIUM SIZED ENTERPRISES OR PRIVATE INDIVIDUALS
We tailor our service to your needs
Save up to 5% of the traded amount
Our payment and foreign exchange services are provided by Ebury partners UK Limited
Book today's rate and have the flexibility of paying within two days.
Book today's rate and pay at a later date, up to years in advance. If you do not have a fixed date, then we can book a window forward and you can use the currency over a set time period. There is no limit to how many times you draw-down on your contract.
If you have a target rate for a trade, we can input a digital order for that rate which runs 24-hour is a day, seven days a week. Even if your rate becomes achievable for just a second, your order will fill and you will be notified.
Your dedicated Trader will guide you at every step along the way when trading. Even when you are not, they will keep you updated on any significant news and market movements to avoid any unforeseen fluctuations in the rates, meaning you will not have to worry about any unforeseen costs.
You will be emailed with our exchange rate within 1 hour
We will only call you with your prior agreement. No mailing lists, no phone calls, no nonsense.
Call us/we call you to confirm the rate. If you are happy, we will book this for you and send a trade confirmation via email.
Send your funds to a segregated, ring-fenced account in the bank. You will be automatically notified once your funds have been received.
Let us know where to send your currency. You can do this via phone or email.
We send the funds to your beneficiaries swiftly and securely. You will be automatically notified once your funds have been sent.
Post date: 16/07/2018 10:00
The dollar recovered its losses from the previous weeks in somewhat desultory trading. The move can be explained, albeit somewhat after the fact, by the Trump's erratic behavior in its meetings with European leaders and his constant threats to upend trading relationships in a more or less random fashion. However, the greenback managed to rise against every major world currency save a handful of Latin American ones.
The key event for currency markets this week will be the semi-annual testimony to the US congress by Federal Reserve Chair Powell on Tuesday and Wednesday. We will be listening closely for any sign that the Fed is starting to worry about the potential for a serious trade war between the US and its main trading partners.
The resignation of key members of Prime Minster May's cabinet had surprisingly little effect on Sterling trading last week. Markets took some comfort that the publication of the Brexit White Paper provides at least a basis for negotiation, and that May appears to be pushing for a softer Brexit hat had been feared.
This week, key macroeconomic news should enable markets to take a break from responding to political headlines. Labor market data (Tuesday) and inflation numbers (Wednesday) should provide clarity about the August rate hike by the Bank of England which we are expecting and provide some support for the Pound.
An exceptionally quiet week in terms of economic data meant Euro traders had little more than Trump's antics to react to. The common currency largely gave up the previous week's gains in desultory trading. This week should be equally sparse, and sparsely staff trading desks will be looking for the General Affairs council on Friday to seek some clarity on the state of Brexit negotiations from the European Union side.
The most important data release last week was US inflation, which came upo almost exactly as expected. This week, in addition to the always unpredictable announcements from the Trump administration regarding trade, markets will be paying close attention to Chair Powell testimony in Congress. We look forward to learning more about the Fed's thinking in two areas: the potential impact of a trade war on US monetary policy, and the central bank's take on the lack of significant wage pressures in spite of the low level of unemployment. We think that fresh information in either of these areas could provide for more volatile trading in currencies than most are expecting.
Sovereign International is a company registered in England and Wales (registered number 0935 7987). Our payment and foreign exchange services are provided by Ebury partners UK Ltd.; authorised and regulated by the Financial Conduct Authority as an Electronic Money Institution (reference number: 900797). The FCA requires Ebury to meet standards across three areas. Ebury exceeds all three areas:
The levels of capital requirements are based on Ebury's level of activity. The FCA reviews Ebury's capital adequacy on an annual basis.
All client funds are held in segregated accounts, entirely separate from Ebury's own operating accounts, so client funds are always safe.
Ebury has strict governance and operational processes in place to scrutinise the accuracy of each transaction, with appropriate involvement from directors. Compliance with Ebury's governance and processes is regularly audited.
Ben, Travel Company Owner
“We have used Sovereign International for the last 2 years and I've had a very good experience of working with Sean and his team during that time. The service above all is superb with good rates to match - the communication and speed when dealing with payments has also been very efficient, probably the most so of any currency trader we have worked with. Also the paperwork is very comprehensive and whenever I've need anything the turnaround has been very quick. I would thoroughly recommend Sean and Sovereign International.”
David, Owner of a Software Company
“We have been customers of Sovereign International since 2016, our dealer, William has been most helpful in developing a strategy and offering us some useful insights.”
Esther, Accounts at a Hygiene Company
"We have been dealing with Sovereign/Ebury to purchase Sterling for our company. We currently deal with Sean Galvin. I have no hesitation in recommending them as I found them to be extremely helpful and efficient."
George, Accountant at a Catering Company
“I can confirm that we have being using Sovereign International/Ebury-Partners over the last few months to conduct our foreign currency payments. Due to the daily currency fluctuations I am unable to confirm the overall saving we have gained by using them. However I can confirm that we would be saving in the region to €10-€20 per €1000 each transaction if not more when compared to our bank.”