Sterling, a currency for all seasons

A two Euro coin is pictured next to a one Pound coin on top of a portrait of Britain's Queen Elizabeth in this file photo illustration shot March 16, 2016. REUTERS/Phil Noble/Illustration/Files

AS the debate on Brexit hits fever pitch in coming weeks, what comes to my mind is pricing in the worst case scenario.

From a general economic perspective being an ‘Outsider in the Inside’ in the footsteps of Norway and Switzerland, economic and trade relations for the UK with the European Union will be riddled with multiple institutional impasse, giving rise to new issues and hurdles to grapple with. But for the currency itself, which was never part of the single currency in the first place, the ramifications will be critical.