Britain's economic recovery may be at risk if sterling strengthens much further, the Bank of England said on Thursday, in its first significant hint of concern about the British currency's recent rise. The central bank's Monetary Policy Committee said the 2 percent appreciation in sterling over the previous month reflected a stronger economic outlook, but that greater strength could jeopardise British exports. "Any further substantial appreciation of sterling would pose additional risks to the balance of demand growth and to the recovery," the MPC said in minutes of its December 4-5 meeting. Sterling is near a ... (full story)