Global growth
SIMPLIFIED
Currency Accounts In Your Company NameAccess To Over 150 CurrenciesMarket beating payment speedsServices Authorised and Regulated by The FCAIntelligently Timed TradesSpot Trades, Forwards and Market Orders
“Trading in currencies across the world, and the ever-increasing reliance on computer trading, the personal touch that George and his colleagues provide makes the difference, and helps for better trading and better profits.”
Managing director of a Lighting company
“We have been using Sovereign/Ebury for about a year now and have been very pleased with the personal service we receive from Harry, competitive rates and speedy response times to any enquiry. We also appreciate the proactive approach with regard to market rate movements and information given enabling us to make informed choices for our business needs. We are approached almost daily by FX companies seeking to win our business but will be sticking with Sovereign.”
Director of a Property Development Company
“I have been very satisfied with all my dealing with Sovereign/Ebury for the purchase of Sterling and Canadian currencies for my company. I am currently deal with Sean Galvin his team , and I am extremely satisfied with the level of service and quality of detail received, and I have no hesitation in recommending them to other customers, as I found them to be extremely helpful and very efficient.”
Finance Manager of a Computer Support Company
“We have worked with Sovereign International for the past 18 months as our sole FX service provider. Sean and his team have provided an excellent service at all times. Responses to our requests are, without fail, dealt with and actioned immediately. Sean, as our account manager, has taken the time personally to understand what we do as a business and therefore provides a service that is bespoke to our needs"
Finance Director of a School Trip Company
“We have been using Sovereign for a number of years and always find Sean very helpful and efficient. Their rates are very competitive, much more so than our bank, and transactions are handled quickly and easily. We would not hesitate to recommend them!”
Finance at a Software Company
“Being new to foreign currency transactions it was a huge relief to come across Sean Galvin and the team at Sovereign / Ebury. They are professional and knowledgeable and have saved me and our company time and money on both a professional and personal basis. I can highly recommend them.”
Accounts at a Computer Consultancy
“We have used a number of brokers to transact our USD and Euro payments over the years but in working with Sean Galvin and Sovereign over the last three we could not have been happier.
Director of a Packaging company
“Ebury/Sovereign – Always obliging, always efficient, always the best deal available. Will keep on with Ebury and would recommend them without hesitation.”
Director of a Construction Company
“We have been working with Sovereign, since last summer, for all our foreign exchange requirements. We have saved large percentages over our bank rates on every trade, which has already saved us thousands in that time. We would highly recommend Sovereign to anyone who has FX requirements.”
Accounts at a Tea and Coffee Company
We have used Sovereign International/Ebury for the last 3 years and find them excellent. It is not only the savings we have made, it is the ease of making the foreign transaction."
Finance Manager at an Industrial Supplies Company
“As a company we use Sovereign to mainly purchase dollar forwards, I have found the service to be very efficient and the notifications given when rates are expected to rise/drop very helpful. George always responds quickly to any payment request or query I put through. I have dealt with other currency companies in the past and found them lacking. Fully recommend Sovereign International.”
Accountant at a Packaging Company
“We have dealt with Sean Galvin at Sovereign since November 2017 to make Euro purchases. They offer very competitive rates and we have found Sean and his team very helpful and professional and would have no hesitation in recommending them.”
Director of a Confectionery Company
“We have used Sovereign International since July 2016 and I've had a very good experience of working with Sean and his team during this time. The service above all is hard to match. The communication and speed when dealing with your payments has also been very efficient, probably the most so, of any currency trader we have worked with."
Corporate Controller at a Pharmaceuticals Company
“Please be advised that we have used the services of Sovereign/Ebury Partners and in that time, we have found the service very reliable and efficient with substantial savings obtained on our foreign currency transactions.”
Accounts at an Agricultural Equipment Importer
“We have been using Sovereign International/Ebury Partners for over a year now and are 100% happy. Competitive rates and excellent service every time! The speed and efficiency that transactions are dealt with is excellent and to be honest makes the whole foreign exchange process so easy. Special thanks to Sean and Liam but to the whole team – you are great!”
Director of a Food Importer
“Sovereign made our job less worrying, I feel like you guys are a part of our extended business, your regular information and updates, friendly service especially you Harry, makes us feel that we are part of the same organisation.”
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.”
Director of an Office Supplies Company
“We have been working with Sovereign International for a good while now. Our contact there is George Jackson. George has been friendly, professional, helpful and extremely efficient. I wouldn’t hesitate to recommend this Company.”
Director of an Adhesives Company
“We have been using Sovereign international for over 3 years now and we order through Sean Galvin. I can highly recommend this company and Sean is always very helpful. We have saved a lot over the years and find them very efficient and they offer a great service.”
owner of a 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.”
About us
Why Choose Us?
Since 2014 we have catered for large corporates, small-medium sized enterprises and private individuals.
Service
We tailor the service to your needs
- Collection accounts in your company name in multiple currencies across multiple countries.
- Access to over 150 currencies
- Spot Trades, Forwards and Market Orders.
- Your own dedicated Trader who understands your business.
Savings
We regularly save clients up to 5% of the traded amount
Savings are not guaranteed, please get in touch to compare rates
- Live and highly competitive exchange rates previously reserved for institutional companies.
- Ebury is a top forecaster for Bloomberg and Reuters, meaning Intelligently timed trades, avoiding unforeseen market fluctuations and reducing costs.
- Little to no deposits on Forwards.
Security
Sovereign International has carefully selected industry leading fintech and foreign exchange partners to provide our clients with regulated services and products.
Some key points about our partners:
- Over $1billion raised in investment from the likes of Santander, Visa & Google
- Authorised and regulated by the FCA
- Worked with 100,000+ businesses, organisations, and private individuals
- Transacted over £50billion in the last 12 months alone
- Operating in over 40 offices globally
Services
Named Collection Accounts
Benefit from cross-border and in-country collection accounts in your company name.
Services
Foreign Exchange Services
Spot Trades
Book today’s rate and have the flexibility of paying within two days. Perfect for currency and payments that you need fast.
Forwards
Protect your profit margins from exchange rate fluctuations by booking today’s rate and paying 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 drawdown 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.
Foreign Exchange Services
How does it work?
We make it easy to send and receive up to 150 currencies across the globe. Whether you need to pay suppliers or collect funds from your international clients, we can make payments quick and easy or even set up currency accounts in your name to take the stress out of securing your revenues
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Give us a call or send us an e-mail to confirm the rate.
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Send your funds to your account - Funds are safeguarded by our FCA-regulated e-money partners at a credit institution.
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Let us know where to send your currency by logging into to our online portal, or sending us an e-mail from your authorised e-mail address.
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We send the funds to your beneficiaries swiftly and securely. You will be automatically notified once your funds have been sent.
Services
Trade Finance
Ebury can pay your suppliers early and reduce your cashflow gap
Borrow up to £3 Million
Pay Ebury back 150 days later: Reduce your liquidity needs with our longer payment terms.
Pay as you go
There are no upfront or hidden fees, meaning you can use the facility whenever you like without incurring unnecessary costs.
Your goods are yours
Ebury takes no collateral, which means there’s no impact on any existing credit lines you have.
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Your supplier sends you an invoice.
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You forward the invoice to Ebury and Ebury pays your supplier in any currency.
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You sell your goods or services.
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You repay Ebury up to 150 days later in your domestic currency.
Trade Finance
As an importer, how does trade finance work?
- 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.
Services
Affiliate Partnerships
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:
Rate Comparison
How much could we have saved you?
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.
Market Update
Our Weekly FX Update
Weekly Market Update
The Thanksgiving holiday in the US usually makes for quiet markets and a lack of volatility, and last week was no exception. The main market movers were the PMIs of business activity in the Eurozone and the UK, the former remained weak, while the latter was stronger than expected and moved back into expansionary territory. As a result, sterling traded higher against both the euro and the US dollar, while outperforming most other G10 currencies. Emerging market currencies flopped around without any clear trend or themes, mostly ending the week within 1% or less of where they had started it.
This week, attention should shift back to data, particularly upcoming inflation prints. The Eurozone Flash inflation numbers for November will be released on Thursday, the same day as the US personal consumer expenditures (PCE) inflation report for October. In the absence of major central bank meetings, we’ll get a slate of speakers from the Federal Reserve, the Bank of England, and the ECB. The question for the FX market is whether the sharp sell-off in the dollar can continue in the absence of clearer signs of economic strength outside of the US. We think it may have fallen too much, too quickly.
GBP
The PMIs of business activity posted a significant positive surprise in the UK last week. The overall index rebounded above the 50 level that indicates business expansion, a marked contrast with the gloomier numbers published across the Channel. Modest expansion, sticky inflation and the fiscal stimulus announced by the government’s recent announcements probably means that the Bank of England will be reluctant to lower rates any time soon. As tends to be the case, last week’s budget announcement yielded little volatility in markets, as the policy tweaks unveiled were either largely as expected or seen as having little to no impact on the outlook for the UK economy. The latest OBR growth forecasts for 2024 and 2025 were, however, revised rather sharply lower from March, suggesting that the period of rather fragile expansion is here to stay. Sterling largely ignored these gloomy projections and rose against most major currencies last week. We think that it has room to continue to do so against the euro.
EUR
The flash PMI numbers in the Eurozone continue to point to an economic contraction in the fourth quarter, which would confirm a technical recession after the negative print for the third quarter. The European Central Bank looks for some relief from the gloom in this week’s November flash inflation report, which is expected to show yet another significant fall in both the headline and core indices, to just below 4% in the latter case. Regardless of the outcome, the euro’s rally against the dollar so far this month will be difficult to maintain unless the Eurozone economy starts showing signs of life. Indeed, concerns surrounding the state of the bloc’s economy appear to be the main culprit behind that underperformance in the euro last week, which ended more-or-less unchanged against the broadly weaker US dollar, and depreciated against all its G10 peers, save the Japanese yen.
USD
The dollar mostly traded off news elsewhere in the data-scarce Thanksgiving holiday week. At the margin, second-tier data published last week may have served to push expectations for rate cuts into the future. Weekly jobless claims fell sharply, belying the narrative of a cooling in labour market conditions, while the November services PMI beat expectations. Durable goods order data was slightly less encouraging with the less volatile measure, which excludes transportation, failing to expand for the first time since April. Consumer inflation expectations rose again last week. However, this week’s PCE inflation data will be a more significant test of whether the disinflation trend remains in place in spite of labour market strength and consumer worries about inflation. Any surprise to the upside here could push expectations for Fed rate cuts further into the future, with the first cut now not fully priced in until June 2024.
BobDirector of an Industrial Tooling Company