The Bank of England could damage Britain's recovery if officials wait too long before starting to raise interest rates, one of its policymakers has warned.
Interest rates will need to be raised "well before" inflation hits target
Waiting too long to raise rates would risk undermining economic recovery
China yuan devaluation means "bit more time before inflationary pressures build in the UK"
Right time to raise rates depends on more evidence of inflation heading towards target
Hawkish interview with Kristin Forbes supports the pound. British currency is by far the strongest currency on the market.