Sterling near three-year lows before price data

LONDON (Reuters) - The pound hovered close to a nearly three-year low on Wednesday before July inflation data with concerns of a no-deal Brexit dogging investor sentiment.Against the dollar , the pound was steady at $1.2056, just above a low of $1.2015 hit on Monday, its weakest since a currency flash crash in October 2016. Versus the euro , the British currency was a touch weaker at 92.725 pence.Inflation data for July due shortly is expected to show a mild slowdown with expectations of a 1.9%..