chris rupkey, managing director and chief financial economist at mufg union bank.brexit. it is clearly on the front of a lot of people's minds at the moment. so far we do just focus what it means for the pound. do we need to broaden that out to other asset classes as well outside of the uk? >> well, you know, it is possible many of the fomc members have said they are concerned about the brexit. i mean they are frankly afraid of their own shadows. but it is one of those events that could, you know, make them pause and not go in june, certainly. but, you know, usually it is -- to get america's attention, if brexit is going to be like grexit or syria or ukraine. our stock market has to fall like 150, 200 points. that would be a sign that it would be a real concern. but it is not. >> a brexit vote would probably hurt the uk economy. probably the uk as well. is it just the uncertainty that is weighing on the minds at the moment? once it is actually happened then everybody will move past it? >> i was looking at our trade with uk. britain is roughly top five exports. abou