CLIENT TESTIMONIALS

“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; always ensuring that we are kept up-to-date with changes in the market that would impact our foreign currency buying and selling both negatively and positively. As an award-winning global brand, we are constantly approached by other FX companies and also used other providers before Sovereign International, but they have proved themselves to be invaluable to our company and head and shoulders above the rest.”

Dinah, Finance Manager of a Computer Support Company

Foreign Exchange Specialists
2019-02-12T14:59:21+00:00

Dinah, 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; always ensuring that we are kept up-to-date with changes in the market that would impact our foreign currency buying and selling both negatively and positively. As an award-winning global brand, we are constantly approached by other FX companies and also used other providers before Sovereign International, but they have proved themselves to be invaluable to our company and head and shoulders above the rest.”
“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. Send an email to our contact “Associate Director Harry Scarlett” with the amount and who we are paying and you know it will be done, confirmation of the transaction is emailed within the hour if not sooner. Sovereign are also excellent at transferring the more unusual or restricted currencies that other foreign currency dealers cannot arrange.”

Kenneth, Accounts at a Tea and Coffee Company

Foreign Exchange Specialists
2019-02-12T15:12:06+00:00

Kenneth, 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. Send an email to our contact “Associate Director Harry Scarlett” with the amount and who we are paying and you know it will be done, confirmation of the transaction is emailed within the hour if not sooner. Sovereign are also excellent at transferring the more unusual or restricted currencies that other foreign currency dealers cannot arrange.”
“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. Sovereign not only offer excellent rates but also good administration, documentation is straightforward, accurate and speedy, and Sean, knowing our payment patterns adopts a proactive approach to our fulfilling our currency needs.”

Adrian, Accounts at a Computer Consultancy

Foreign Exchange Specialists
2019-02-12T15:14:47+00:00

Adrian, 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. Sovereign not only offer excellent rates but also good administration, documentation is straightforward, accurate and speedy, and Sean, knowing our payment patterns adopts a proactive approach to our fulfilling our currency needs.”
“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.”

Melanie, Finance Manager at an Industrial Supplies Company

Foreign Exchange Specialists
2019-02-12T15:18:00+00:00

Melanie, 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.”
“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.”

Karen, Managing director of a Lighting company

Foreign Exchange Specialists
2019-02-12T15:20:43+00:00

Karen, 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.”
“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. Sean and his team have probably saved us tens of thousands of pounds in our business since we starting trading together and I would thoroughly recommend the guys at Sovereign International.”

Reza, Director of a Confectionery Company

Foreign Exchange Specialists
2019-02-12T15:23:46+00:00

Reza, 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. Sean and his team have probably saved us tens of thousands of pounds in our business since we starting trading together and I would thoroughly recommend the guys at Sovereign International.”
“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.”

Turlough, Corporate Controller at a Pharmaceuticals Company

Foreign Exchange Specialists
2019-02-12T15:27:09+00:00

Turlough, 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.”
“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!”

Nicola, Accounts at an Agricultural Equipment Importer

Foreign Exchange Specialists
2019-02-12T15:29:15+00:00

Nicola, 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!”
“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.”

Bob, Director of an Industrial Tooling Company

Foreign Exchange Specialists
2019-02-12T15:30:39+00:00

Bob, Director of an Industrial Tooling Company

“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.”
“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.”

Alp, Director of a Food Importer

Foreign Exchange Specialists
2019-02-12T15:43:34+00:00

Alp, 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.”
“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.”

George, Accountant at a Catering Company

Foreign Exchange Specialists
2018-04-12T11:50:42+00:00

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.”
“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!”

Geraint, Finance Director of a School Trip Company

Foreign Exchange Specialists
2019-02-12T15:46:36+00:00

Geraint, 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!”
“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.”

Caroline, Finance at a Software Company

Foreign Exchange Specialists
2019-02-12T15:57:13+00:00

Caroline, 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.”
“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.”

Rachel, Director of an Office Supplies Company

Foreign Exchange Specialists
2019-02-12T16:00:01+00:00

Rachel, 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.”
“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.”

Brad, Director of a Property Development Company

Foreign Exchange Specialists
2019-02-12T16:02:24+00:00

Brad, 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.”
“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.”

Nikki, Director of an Adhesives Company

Foreign Exchange Specialists
2019-02-12T16:04:51+00:00

Nikki, 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.”
“Ebury/Sovereign – Always obliging, always efficient, always the best deal available. Will keep on with Ebury and would recommend them without hesitation.”

Andrew, Director of a Packaging company

Foreign Exchange Specialists
2019-02-12T16:07:23+00:00

Andrew, 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.”
“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.”

Ben, owner of a Travel Company Owner

Foreign Exchange Specialists
2018-04-12T11:51:25+00:00

Ben, 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.”
“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.”

Nicky, Accountant at a Packaging Company

Foreign Exchange Specialists
2019-02-12T16:09:50+00:00

Nicky, 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.”
“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.”

Marc, Director of a Construction Company

Foreign Exchange Specialists
2019-02-12T16:11:06+00:00

Marc, 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.”
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Foreign Exchange Specialists

New-age Expertise
Age-old Wisdom

SIMPLE

WE CATER FOR LARGE CORPORATES, SMALL-MEDIUM SIZED ENTERPRISES AND PRIVATE INDIVIDUALS

COST EFFECTIVE

SERVICE

We tailor our service to your needs

  • Collection accounts in your company name in multiple currencies across multiple countries.
  • Same day payments.
  • Access to over 150 foreign currencies.
  • Spot Trades, Forwards and Market Orders.
  • Your own dedicated Trader who understands your business.

SAVINGS

Save up to 5% of the traded amount

  • Wholesale exchange rates usually 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

Our payment and foreign exchange is
provided by Ebury Partners UK Limited.

Some key points about Ebury:

  • Half owned by Santander and backed by the most respected technology investors, with over £400,000,000 raised in investment.
  • Authorised and regulated by the FCA.
  • Segregated, ring-fenced client accounts.
  • Traded over $23bn in the last 12 months.
  • Worked with 100,000+ businesses and private clients.

NAMED COLLECTION ACCOUNTS

Benefit from cross-border and in-country collection accounts in your company name.

Simple

Simplify your operations by collecting money globally without the need for multiple bank accounts or a local presence.

Win customers

Gain a competitive advantage and increase customer satisfaction by pricing and accepting payments in the currency your clients prefer.

Easy & Secure

View the funds you’ve collected online. Repatriate funds at wholesale FX rates and make payments quickly and securely.

Integrated Solution

  • Access our FX, financing and payment solutions to manage your finances and grow your business, with your own dedicated Relationship Manager.
  • The account your business needs, in the currency and countries your clients want.
  • Using your own account details to collect currencies internationally is easier than you think.
  • Get account details in your own name – This includes an account number and other necessary information to make or receive payments in a given currency.
  • Collect and hold money in multiple currencies.
  • Convert your balances from one currency to another or use them to make payments.
  • Get in-country account details in your name to collect locally.
  • Enable your customers and business partners to pay you like a local.
  • Reduce friction and costs by allowing your customers to make domestic payments.
  • No corporate presence required to collect payments locally
  • Any amounts you receive will be credited to your balance

FOREIGN EXCHANGE SERVICES

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.

HOW DOES IT WORK?

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.

TRADE FINANCE

Ebury can pay your suppliers early and reduce your cashflow gap.

Borrow up to £3million

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 take no collateral, which means there’s no impact on any existing credit lines you have.

As an importer, how does trade finance work?

  • Your supplier sends you an invoice.
  • You forward the invoice to Ebury and Ebury pays your supplier in any currency.
  • You sell your goods or services.
  • You repay Ebury up to 150 days later in your domestic currency.

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.

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:

International Property Agents
Sports Agents
Media Agents
Lawyers
Accountants

And many more.

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.

WEEKLY FX UPDATE

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.

Market Updates

SECURITY

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:

CAPITAL ADEQUACY

The levels of capital requirements are based on Ebury’s level of activity. The FCA reviews Ebury’s capital adequacy on an annual basis.

CLIENT PROTECTION

All client funds are held in segregated accounts, entirely separate from Ebury’s own operating accounts, so client funds are always safe.

ROBUST INTERNAL RISK MANAGEMENT

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.

CONTACT US

ADDRESS

6 Bevis Marks, London, EC3A 7BA

CALL US

+44 (0)203 817 3700

EMAIL

[email protected]

Sovereign International – Foreign Exchange Specialists