Feb 7 (Reuters) - The next Bank of England monetary policy decision day could be lively for sterling again, due to the possibility of another interest rate cut.

Catherine Mann and Swati Dhingra look certain to vote for lower rates on March 20, having wanted the rate cut by 50 basis points to 4.25% on Thursday.

The dovish duo might be joined by Alan Taylor and Dave Ramsden, who both wanted the BoE to lower rates last December.

Tipping the scales to a reduction will be difficult, but not impossible: Governor Andrew Bailey on Thursday said the BoE will address the rate cut question "meeting by meeting".

The consensus expectation is that the BoE will reduce rates again, by 25 bps to 4.25%, at its next-but-one meeting in May.

The pound dropped ahead of Thursday's quarter-point rate cut on speculation that at least one of the nine MPC members might vote for a reduction larger than 25 bps, and fell further on the news that two MPC members had done so.

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(Robert Howard is a Reuters market analyst. The views expressed are his own)