Dinah, Finance Manager of a Computer Support Company
Kenneth, Accounts at a Tea and Coffee Company
Adrian, Accounts at a Computer Consultancy
Melanie, Finance Manager at an Industrial Supplies Company
Karen, Managing director of a Lighting company
Reza, Director at a Confectionery Company
Turlough, Corporate Controller at a NASDAQ-Listed Pharmaceuticals Company
Nicola, Accounts at an Agricultural Equipment Importer
Bob, Director of an Industrial Tooling Company
Alp, Director of a Food Importer
George, Accountant at a Catering Company
Geraint, Finance Director of a School Trip Company
Caroline, Finance at a Software Company
Rachel, Director of an Office Supplies Company
Brad, Director of a Property Development Company
Nikki, Director of an Adhesives Company
Andrew, Director of a Packaging company
Ben, Travel Company Owner
Nicky, Accountant at a Packaging Company
Marc, Director of a Construction Company
WE CATER FOR LARGE CORPORATES, SMALL-MEDIUM SIZED ENTERPRISES OR PRIVATE INDIVIDUALS
We tailor our service to your needs
Save up to 5% of the traded amount
Our payment and foreign exchange services are provided by Ebury partners UK Limited
Book today's rate and have the flexibility of paying within two days.
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.
If you have a target rate for a trade, we can input a digital order for that rate which runs 24 hours a day, seven days a week. Even if your rate becomes achievable for just a second, your order will fill and you will be notified.
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 email.
We send the funds to your beneficiaries swiftly and securely. You will be automatically notified once your funds have been sent.
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: 18/03/2019 08:00
British politics again dominated FX markets last week. As we expected, Parliament rejected the deal with the EU again by a large majority, but then proceeded to reject a no-deal Brexit and back a delay in the March 29th deadline. Optimism that the worst case scenario had been ruled out took Cable to its highest levels since July of last year. European currencies joined the pound in celebration, as the ensuing worldwide rally in risky assets put a bid on all G10 currencies save the traditional safe havens, the Japanese Yen and the Swiss Franc.
This week, the March meeting of the Federal Reserve on Wednesday will shift traders attention back to monetary policy. British politics will still move markets, as Theresa May puts her deal with the US to a third vote in Parliament on Tuesday. Finally, the release of the flash PMI indices of business activity in the Eurozone on Friday will give us a critical read on the true state of the economy there.
All Brexit, all the time. The three key votes last week went as we expected: no to May's deal, no to no-deal Brexit, and yes to an extension. Theresa May now goes for a third try on Tuesday. We expect it to be a closer vote than last week's, but still a rejection, as the gap in support is too large to bridge. If we are wrong and the deal passes, we can expect a significant Sterling rally on top of last week's rise, however. The focus will now be on the EU summit over the weekend, which is expected to deal with a request for a formal delay of the March 29th deadline. The longer the delay, the further the Pound will rally, in our view, as markets will start pricing in the possibility of a second referendum.
Last week, industrial production data for the month of January generally surprised to the upside in the Eurozone. We note that in spite of the gloomy commentary on the Eurozone economy, the tone of actual economic releases has taken a clear turn for the better over the past couple of weeks. Our positive view will be tested Friday, when the key PMI indices of business activity are released. We expect a surprise to the upside, particularly in manufacturing. This could well ignite a modest Euro rally back towards the middle of its range of the past few months, near 1.15.
Focus for this week will be of course on the key Federal Reserve meeting on Tuesday and Wednesday. No change is expected on the level of rates. The Fed is expected however to announce that it will restart reinvestment of the bonds in its balance sheet as they mature, a modestly simulative decision. The key will be the "dots plot" that conveys the FOMC members own expectations regarding the future path of rates. We expect this to show no rates are foreseen in 2019 by the median committee member, a slightly more dovish outcome that is priced in by most strategists. Therefore, we think that on balance the dollar is more likely to suffer next week.
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.