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.
  • Free payments over £1000.

SECURITY

Our payment and foreign exchange services are provided by Ebury partners UK Limited

  • 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

Pay your suppliers early and reduce your cashflow gap.

Borrow up to £3million

Pay us 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

We 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: 18/10/2021 10:49


One of the key correlations beginning to establish itself in the post-pandemic world seems to be the negative one between US inflation and the dollar. Yet another strong CPI report showed headline inflation above 5% for the fifth consecutive month. Yields did not move much as a response, but the US dollar lost ground for the week against every major world currency. The only exceptions were the Japanese yen, weighed down by the relentless rise of commodity prices and risk appetite, and the Turkish lira, tripped once again by Erdogan’s rate shenanigans. This week is light in terms of macroeconomic releases or policy announcements. Watch out for the September inflation report out of the UK on Wednesday, which may solidify expectations for a 2021 hike. The Eurozone PMIs of business activity on Friday will give us a timely read on the degree to which the economic recovery there is softening; however, market expectations are still for a strongly expansionary read.

GBP

Strong labour market data and industrial production numbers out of the UK bring us closer to a 2021 hike by the Bank of England, which looks set to act much earlier than the Federal Reserve. BoE Governor Bailey warned again over the weekend that the bank ‘will have to act’ in order to curb inflation, and that has further brought forward market expectations. Futures are now pricing in this first small 15 basis point hike at the next MPC meeting in November. This week’s CPI report is therefore key, as it will be the last major data point to inform the Committee’s decision. Both the headline and core numbers are expected to print above 3%, even before the lifting of the energy price caps adds fuel to the inflationary fire. In our view, this should be enough to warrant a 2021 hike and provide strong support for sterling.

EUR

The euro was one of the laggards last week among currencies and risk assets generally, most of which outperformed against the dollar. The ECB appears set to lag almost all of its major peers in the removal of monetary policy accommodation, and markets are not pricing in hikes until well into the future. In this context, we have pushed downward our forecasts for the euro against other G10 and emerging market currencies. Short-term, market expectations for the October PMIs appear to be quite subdued, so there is room for a positive surprise that would provide support to the common currency.

USD

Yet another month with headline inflation above 5% and the core rate above 4% are driving home our view that inflationary pressures are unlikely to be as short-lived as the Fed was hoping during the summer. As a result, a taper announcement at the Federal Reserve’s next policy meeting in November now looks all but assured. With the US fiscal deficit in double digits and real rates way below zero, we think the rally in risk assets in general and commodities in particular still has plenty of room to run. This is not necessarily a positive background for US dollar performance, and we continue to see a weaker greenback against most of its peers, particularly commodity-exporting emerging market currencies.

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

info@sovereign-international.co.uk

Sovereign International – Foreign Exchange Specialists

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