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

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

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

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

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