Brexit's Been Difficult for Markets to Price, Says Citigroup's Fordham

The video discusses the impact of UK inflation data on sterling, highlighting how currency traders are focusing on the Bank of England's announcements rather than Brexit's political challenges. It suggests that upcoming speeches from the UK Prime Minister and her cabinet may provide more clarity on Brexit. The video also explores political risks in Europe, particularly in Italy and Germany, noting that while Brexit poses significant risks to the UK, Italy's upcoming elections and the five star movement's influence are also noteworthy.

How do the political risks in the UK compare to those in Italy according to the text?

What is the significance of the five star movement in the context of Italian elections?