London

THE euro edged lower on Monday after posting its biggest weekly loss in a month though prices clung to well worn trading ranges before a central bank meeting next week where policymakers are set to unveil a plan to roll back its record stimulus policies.

With political uncertainty in the form of Catalonia's bid for independence and Austria's election outcome having a very muted impact on the currency relative to the bond markets, investors moved to the sidelines to focus on economic data.