Why Choose Us?
Since 2014 we have catered for large corporates, small-medium sized enterprises and private individuals.
We tailor the service to your needs
We regularly save clients up to 5% of the traded amount
Savings are not guaranteed, please get in touch to compare rates
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:
Foreign Exchange Services
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
Give us a call or send us an e-mail to confirm the rate.
Send your funds to your account - Funds are safeguarded by our FCA-regulated e-money partners at a credit institution.
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.
We send the funds to your beneficiaries swiftly and securely. You will be automatically notified once your funds have been sent.
Ebury can pay your suppliers early and reduce your cashflow gap
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.
As an importer, how does trade finance work?
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
And many more.
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.
Our Weekly FX 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.
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.
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.
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.