UK inflation dropped to 2.6% in June from 2.8% in May, propelled by softened petrol prices.

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

The South African rand remained unchanged 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 expect the release of important economic figures after this week's volatility in the rand.