PHOTO: REUTERS
The former Barcelona and Bayern Munich boss, seven times a league champion in the three countries in which he has managed, takes City to Leicester on Boxing Day trailing leaders Liverpool by four points.
There is also now unexpected pressure beneath him, with Tottenham's superb 6-2 win at Everton having hauled Mauricio Pochettino's talented side to within two points of City.
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It is a far cry from last season when, after 18 games, City held a commanding 11-point lead over second-placed Manchester United and were already, in the eyes of most pundits, as good as champions.
Twelve months earlier, in Guardiola's first season in English football, City were seven points behind leaders Chelsea at the corresponding stage but in the middle of a run of poor form which would eventually see them end the season in third place, 15 points behind Antonio Conte's title-winners.
City's shock 3-2 home defeat by struggling Crystal Palace on Saturday has certainly put a new perspective on the league table heading into the busy holiday period which culminates with current leaders Liverpool visiting the Etihad to face City a week on Thursday (January 3).
For the first time since his days at Barcelona, Guardiola currently finds himself caught up in a potentially tense and exciting title race, with all that entails.
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Former Liverpool manager Roy Hodgson, whose Palace side inflicted such an unexpected blow on City at the weekend, believes, however, that Guardiola will have all the necessary perspective to cope with a rare setback.
"Pep Guardiola is a very intelligent guy, it means that they haven't caught up those four points but he knows there are 20 matches left to play and one of those is going to be against Liverpool," said Hodgson.
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