• The Pound Sterling plummets against the US Dollar as the Fed is expected to reduce interest rates less than previously anticipated this year.
• The British currency trades weakly across the board on weak UK Manufacturing PMI data for December.
• Investors await an array of US labor market data on Thursday for fresh Fed policy guidance.

The Pound Sterling (GBP) plunges to near 1.2400 against the US Dollar (USD) at the start of the year, the lowest level seen in more than eight months. The GBP/USD pair faces an intense sell-off as the US Dollar Index (DXY) refreshes a more-than-two-year high at