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The phrase "currently held by" is grammatically correct and can be used in written English.
It is typically used to indicate the current possession or occupation of something or someone. Here is an example: "The title of CEO is currently held by John Smith, but he will be stepping down next month."
Exact(60)
Currently held by the UMP, Marseille will be tough for the left to capture.
The Republicans won fifteen districts currently held by Democrats.
The seat is currently held by a Republican, James T. Walsh, who is retiring.
These packages are currently held by Sky and News UK, the publisher of the Sun, respectively.
The Open title is currently held by Williams's sister, Serena, who was eliminated.
That title is currently held by the 2000 Rockets, who won 45 games and finished ninth.
It is currently held by Denmark but will pass on to Cyprus in July.
At NBC, that job is currently held by Jay Leno, who consistently trounces all competition.
That position, the presidency of the Executive Commission, is currently held by Romano Prodi of Italy.
The report suggests Sunni Muslims account for the "vast majority" of detainees currently held by Iraq.
At least four of these candidates are contesting "safe" seats currently held by Labour.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com