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Dinah, Finance Manager of a Computer Support Company
Dinah, Finance Manager of a Computer Support Company
Kenneth, Accounts at a Tea and Coffee Company
Kenneth, Accounts at a Tea and Coffee Company
Adrian, Accounts at a Computer Consultancy
Adrian, Accounts at a Computer Consultancy
Melanie, Finance Manager at an Industrial Supplies Company
Melanie, Finance Manager at an Industrial Supplies Company
Karen, Managing director of a Lighting company
Karen, Managing director of a Lighting company
Reza, Director of a Confectionery Company
Reza, Director of a Confectionery Company
Turlough, Corporate Controller at a Pharmaceuticals Company
Turlough, Corporate Controller at a Pharmaceuticals Company
Nicola, Accounts at an Agricultural Equipment Importer
Nicola, Accounts at an Agricultural Equipment Importer
Bob, Director of an Industrial Tooling Company
Bob, Director of an Industrial Tooling Company
Alp, Director of a Food Importer
Alp, Director of a Food Importer
George, Accountant at a Catering Company
George, Accountant at a Catering Company
Geraint, Finance Director of a School Trip Company
Geraint, Finance Director of a School Trip Company
Caroline, Finance at a Software Company
Caroline, Finance at a Software Company
Rachel, Director of an Office Supplies Company
Rachel, Director of an Office Supplies Company
Brad, Director of a Property Development Company
Brad, Director of a Property Development Company
Nikki, Director of an Adhesives Company
Nikki, Director of an Adhesives Company
Andrew, Director of a Packaging company
Andrew, Director of a Packaging company
Ben, owner of a Travel Company Owner
Ben, owner of a Travel Company Owner
Nicky, Accountant at a Packaging Company
Nicky, Accountant at a Packaging Company
Marc, Director of a Construction Company
Marc, Director of a Construction Company
New-age Expertise
Age-old Wisdom
SIMPLE
WE CATER FOR LARGE CORPORATES, SMALL-MEDIUM SIZED ENTERPRISES AND PRIVATE INDIVIDUALS
COST EFFECTIVE
We tailor our service to your needs
Save up to 5% of the traded amount
Our payment and foreign exchange is
provided by Ebury Partners UK Limited.
Some key points about Ebury:
Simplify your operations by collecting money globally without the need for multiple bank accounts or a local presence.
Gain a competitive advantage and increase customer satisfaction by pricing and accepting payments in the currency your clients prefer.
View the funds you’ve collected online. Repatriate funds at wholesale FX rates and make payments quickly and securely.
SPOT TRADES
Book today’s rate and have the flexibility of paying within two days.
FORWARDS
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.
MARKET ORDERS
If you have a target rate for a trade, we can input a digital order for that rate which runs 24 hours a day, 7 days a week. Even if your rate becomes achievable for just a second, your order will fill and you will be notified.
MARKET ANALYSIS
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.
Give us a call or send us an e-mail to confirm the rate.
Send your funds to a segregated, ring-fenced account. 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 e-mail.
We send the funds to your beneficiaries swiftly and securely. You will be automatically notified once your funds have been sent.
Pay Ebury back 150 days later: Reduce your liquidity needs with our longer payment terms.
There are no upfront or hidden fees, meaning you can use the facility whenever you like without incurring unnecessary costs.
Ebury take no collateral, which means there’s no impact on any existing credit lines you have.
Pay your supplier in their local currency and repay in yours. Avoid currency fluctuation risks and reduce costs.
Pay your supplier earlier. Improve your supplier relationships and negotiate discounts.
Align your outgoings with your income and take control of your finances.
We believe that the most powerful way of doing business is through referrals, so we designed a partnership programme to reflect this. You can add value to your core business by facilitating any FX requirement your corporate or personal network may have, through an industry-leading provider.
You can feel comfortable referring business to us knowing that we provide the most simple, secure and cost-effective route for any kind of FX payment. We also have one of the most attractive commission structures in our market, meaning this really is a win-win scenario for you and your network.
Some of our current partners include:
International Property Agents
Sports Agents
Media Agents
Lawyers
Accountants
And many more.
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.
Post date: 01/08/2022
The US economy now meets the barest technical definition of a recession, and Federal Reserve hikes are now fully dependent on inflation and labour data meeting to meeting. This realisation brought down yields in the US sharply and they in turn knocked down the dollar against nearly every major currency worldwide, save the euro, which continues to suffer from the slow but steady reduction in the flow of Russian gas. The week’s winners were Latin American commodity currencies, led by the Brazilian real, up almost 6% against the dollar. Now that both the Federal Reserve and the ECB have effectively removed forward guidance, central bank hikes are more data dependent than ever. Therefore, focus will be on Friday’s labour report out of the US. So far, the jobs market there has remained remarkably resilient to the economic slowdown. The Bank of England meeting on Thursday is expected to deliver a 50-basis point rate increase, and it too is likely to downgrade or remove altogether any explicit forward guidance on rates.
GBP
Sterling continues to move mostly in line with risk assets, and last week’s stock rally buoyed it to the top of the G10 rankings, well ahead of both the dollar and the euro. The Bank of England meeting on Thursday is now front and centre for the pound. As of Friday close, interest rate markets were largely, though not fully, pricing in a 50-basis point move, with some investors betting on a 25bp hike. Therefore, it is a solid bet that Thursday trading will be volatile. We think it will be difficult for the MPC to buck the hawkish trend among G10 central banks and expect the larger move, with a consequent rally in sterling as a side effect. This rally may, however, be dependent on the voting pattern among policymakers, and the tone of communications in the bank’s latest Inflation Report.
EUR
Eurozone inflation once again surprised to the upside, validating our view that ECB interest rate hikes have considerably further to go than interest rate markets seem willing to accept so far. However, the inflation print was overshadowed by the continued reductions in gas flow from Russia, and the announcement of various measures to reduce demand, which understandably are not viewed as euro positive. Markets mostly overlooked last week’s GDP data, which posted larger-than-expected expansion, in favour of the doom and gloom energy headlines. This will be a holiday week with limited news flow but expect traders to focus on the ECB economic bulletin on Thursday for further clarity regarding the central banks’ plans for further hikes.
USD
While it is true that the US economy has printed a slight contraction in two consecutive quarters, we would not call the current economic backdrop recessionary. The unusual combination of stalling growth, full employment and very high inflationary pressures prompted the Fed to de facto withdraw all forward guidance at its meeting on Wednesday and announce that further moves will be data dependent. Friday wage and inflation data showed no sign that inflation is pulling back to desirable levels, and the high ECI employment cost index data bore increasing hints of a developing wage-price spiral. All in all, we think that market expectations of Fed rates peaking just under 3.25% are too optimistic. Markets now turn to Friday’s non-farm payrolls report out of the US, expected to show yet another month of healthy job gains in a context of full employment. We will be paying close attention to the wage numbers for confirmation of the above-mentioned feedback between higher prices and higher wages.
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.
