Brexit: How NGOs can prepare for exchange rate volatility

A woman walks past a rates board outside a Forex outlet in central London. Photo by: REUTERS / Toby Melville

BARCELONA — Experts are warning NGOs to plan ahead and mitigate financial risk as the Brexit deadline, currently set for March 29, looms without a deal in place.

If politicians fail to agree on a withdrawal agreement before the United Kingdom leaves the European Union, the pound is almost certain to fall further, according to Alex Lawson, hedging director at Western Union Business Solutions, leaving NGOs exposed to volatile exchange rates.

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    Rebecca Root

    Rebecca Root is an Editorial Associate and Reporter at Devex. She has a background in journalism and communications, and has written for a variety of publications while living and working in New York and London. She is now based in Barcelona and produces multimedia editorial content for digital content series and media partnerships.