UK inflation fell to 2.6% in June from 2.8% in May, driven by reduced petrol prices.

UK policymakers tie the decline to prospective cost-of-living relief for policies tied to inflation.

The South African rand stayed stable ahead of its own inflation data release.

In Australia, Reserve Bank observers highlight inflation data is key for shaping interest rate expectations.

Traders in South Africa await the release of key economic figures after this week's volatility in the rand.