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

UK policymakers link the decline to potential cost-of-living relief for measures tied to inflation.

The South African rand held steady ahead of its own inflation data release.

In Australia, Reserve Bank observers point out inflation data is crucial for guiding interest rate expectations.

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