Bank of England may cut the interest rates twice time again. The recession in the island is deeper and will be necessary new interest rates cut predicting Peter Mill forex expert in Bank of England cut the key interest rates with half percent to 1.50% yesterday. The inflation is low as the recession deeper. Bank of England for first time in his history set the interest rates so lower. But it is not enough comment Peter Mill. Till the period of April-May Bank of England will set the interest rates below 1.00% to fight with the global financial and economic crisis. The pound is stronger after the Bank of England decision but in a short time will turn down. In predict that the pound will be trading below 1.38 for a dollars.