Mumbai, July 16 -- British Pound held near a three-week low as currency markets assessed the local economic dynamics following an elevated reading on inflation. UK inflation rose to 3.6% in June 2025, marking the highest level since January 2024. The rise was mainly driven by a 1.7% jump in transport costs, led by higher motor fuel prices and airfares on long-haul and European routes. Food inflation also rose to 4.5% while core inflation accelerated to 3.7% year-on-year. This can weigh on the recent run up in UK equities after FTSE 100 index hit above 9,000-point mark to reach a new high in last session. FTSE has now gained around 10% in 2025 and inflationary forces can choke this rally. GBPUSD pair is currently quoting at 1.3392, down ma...