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We are here with Paul Donovan from UBS. He's the Managing Director of Global Economics and I suppose that

it's fairly obvious that there would be an impact on Great Britain should the country

vote to leave.

And there have been all kinds of estimates about what that might be.

But I'm a little, I'm curious about what the impact on the rest of the world will be and on the US.

Janet Yellen goes up to Capitol Hill today for her semi-annual monetary policy testimony

and I'm sure she'll be asked the same thing

because she said last week it would have an impact on the US and they took that into

consideration when they decided to hold rates but how bad an impact would it be?

Well, you've got two areas where you get an impact.

I think on the first, you have obviously an impact

on the European Union itself. There would be consequences of this for the

...