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FTSE retreats as Greek ‘game of chicken’ continues

Hornby (HRN.L) tumbles 32p to 95p after the toy manufacturer issued a profit warning following a weak run-up to Christmas.

US growth

Sterling weakened 0.04% versus the dollar to $1.568 ahead of fourth-quarter US gross domestic product figures, but took on 0.15% against the euro to €1.99.

The average forecast in a Reuters poll of economists called for annualised growth of 3% by the US economy in the in the October-December period, up from 1.8% in the third quarter and its fastest clip since the second quarter of 2010.

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