{"id":30112,"date":"2026-03-11T20:06:04","date_gmt":"2026-03-11T20:06:04","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/iran-catismasindaki-tirmanisin-ardindan-eur-gbp-15-geriledi-daha-guclu-gbp-faiz-beklentileri-ve-direncli-hisse-senetleri-etkili-oldu\/"},"modified":"2026-03-11T20:06:04","modified_gmt":"2026-03-11T20:06:04","slug":"iran-catismasindaki-tirmanisin-ardindan-eur-gbp-15-geriledi-daha-guclu-gbp-faiz-beklentileri-ve-direncli-hisse-senetleri-etkili-oldu","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/iran-catismasindaki-tirmanisin-ardindan-eur-gbp-15-geriledi-daha-guclu-gbp-faiz-beklentileri-ve-direncli-hisse-senetleri-etkili-oldu\/","title":{"rendered":"\u0130ran \u00e7at\u0131\u015fmas\u0131ndaki t\u0131rman\u0131\u015f\u0131n ard\u0131ndan EUR\/GBP %1,5 geriledi; daha g\u00fc\u00e7l\u00fc GBP faiz beklentileri ve diren\u00e7li hisse senetleri etkili oldu"},"content":{"rendered":"\u0130ran \u00e7at\u0131\u015fmas\u0131 ba\u015flad\u0131\u011f\u0131ndan bu yana EUR\/GBP yakla\u015f\u0131k %1,5 geriledi. D\u00fc\u015f\u00fc\u015f, GBP\u2019nin (\u0130ngiliz sterlini) daha g\u00fc\u00e7l\u00fc bir faiz g\u00f6r\u00fcn\u00fcm\u00fcne ve hisse senedi piyasalar\u0131n\u0131n diren\u00e7li (g\u00fc\u00e7l\u00fc) kalmas\u0131na ba\u011fland\u0131.\n\nGerileme ayr\u0131ca Birle\u015fik Krall\u0131k faizlerinde \u201c\u015fahin\u201d (faiz indirimi konusunda isteksiz, daha s\u0131k\u0131 para politikas\u0131 sinyali veren) bir yeniden fiyatlamayla ili\u015fkilendirildi. Hisse senedi piyasalar\u0131ndaki g\u00fc\u00e7, daha y\u00fcksek \u201cbeta\u201dya (piyasa dalgalanmalar\u0131na daha duyarl\u0131) sahip GBP\u2019den daha d\u00fc\u015f\u00fck beta\u2019l\u0131 (daha az dalgal\u0131) EUR\u2019ya ge\u00e7i\u015f talebini azaltt\u0131.\n\n

Short Term Valuation Measures<\/h3>\nK\u0131sa vadeli de\u011ferleme g\u00f6stergeleri, hareketin a\u015f\u0131r\u0131ya ka\u00e7m\u0131\u015f olabilece\u011fine i\u015faret ediyor. Petrol fiyatlar\u0131 yeniden varil ba\u015f\u0131na 90 dolar\u0131n alt\u0131na indi.\n\nDaha d\u00fc\u015f\u00fck petrol, Birle\u015fik Krall\u0131k faiz beklentilerinin daha \u201cg\u00fcvercin\u201d (faiz art\u0131\u015f\u0131na\/ s\u0131k\u0131l\u0131\u011fa daha az e\u011filimli, daha gev\u015fek para politikas\u0131 sinyali veren) bi\u00e7imde yeniden de\u011ferlendirilmesine yol a\u00e7abilir. Bu durum, EUR\/GBP\u2019de 0,860\u2019a do\u011fru yeni bir d\u00fc\u015f\u00fc\u015f yerine 0,870\u2019e do\u011fru d\u00fczeltme ama\u00e7l\u0131 bir y\u00fckseli\u015fi destekleyebilir.\n\n2024 ilkbahar\u0131na d\u00f6n\u00fcp bakt\u0131\u011f\u0131m\u0131zda, Orta Do\u011fu\u2019daki gerilimler ortam\u0131nda EUR\/GBP\u2019nin yakla\u015f\u0131k %1,5 d\u00fc\u015ferek belirgin \u015fekilde zay\u0131flad\u0131\u011f\u0131n\u0131 g\u00f6rd\u00fck. Bu hareketin ana nedeni, Avrupa Merkez Bankas\u0131\u2019n\u0131n (ECB) Haziran 2024\u2019te faiz indirimi yapmas\u0131na kar\u015f\u0131n \u0130ngiltere Merkez Bankas\u0131\u2019n\u0131n (BoE) faizi %5,25\u2019te sabit tutmas\u0131yla BoE\u2019nin daha \u201cagresif\u201d (daha s\u0131k\u0131) bir faiz \u00e7izgisine sahip olmas\u0131yd\u0131. Ayn\u0131 d\u00f6nemde hisse piyasalar\u0131n\u0131n diren\u00e7li kalmas\u0131 da, daha y\u00fcksek getiri sunan sterlini euroya k\u0131yasla \u00f6ne \u00e7\u0131kard\u0131.\n\n

Risk Managed Upside Approaches<\/h3>\nO d\u00f6nemde petrol\u00fcn varil ba\u015f\u0131na 90 dolar\u0131n alt\u0131na gerilemesiyle, paritenin \u201ca\u015f\u0131r\u0131 sat\u0131lm\u0131\u015f\u201d (h\u0131zl\u0131 d\u00fc\u015f\u00fc\u015f sonras\u0131 k\u0131sa vadede tepki y\u00fckseli\u015fi olas\u0131l\u0131\u011f\u0131 artm\u0131\u015f) oldu\u011fu ve 0,870\u2019e do\u011fru d\u00fczeltme y\u00fckseli\u015fi yapabilece\u011fi g\u00f6r\u00fc\u015f\u00fc vard\u0131. Ancak 2024 boyunca bu g\u00fc\u00e7l\u00fc d\u00fczeltme ger\u00e7ekle\u015fmedi; \u00e7\u00fcnk\u00fc para politikas\u0131 \u201cayr\u0131\u015fmas\u0131\u201d (merkez bankalar\u0131n\u0131n farkl\u0131 y\u00f6nde hareket etmesi) temel tema olmaya devam etti. \u201c\u00c7apraz kur\u201d (iki para biriminin dolar d\u0131\u015f\u0131ndaki kar\u015f\u0131l\u0131\u011f\u0131) bunun yerine kademeli bi\u00e7imde d\u00fc\u015f\u00fc\u015f\u00fcn\u00fc s\u00fcrd\u00fcrd\u00fc ve y\u0131l\u0131n ilerleyen d\u00f6neminde 0,8400 seviyesinin de alt\u0131n\u0131 g\u00f6rd\u00fc.\n\nBu ge\u00e7mi\u015f dikkate al\u0131nd\u0131\u011f\u0131nda, t\u00fcrev \u00fcr\u00fcn (de\u011feri ba\u015fka bir varl\u0131\u011fa ba\u011fl\u0131 finansal \u00fcr\u00fcn) i\u015flemi yapanlar\u0131n \u00f6n\u00fcm\u00fczdeki haftalarda basit bir h\u0131zl\u0131 toparlanma rallisi bekleyerek pozisyon almada temkinli olmas\u0131 gerekir. Son iki y\u0131l\u0131n ana dersi, bu paritede belirleyici unsurun merkez bankas\u0131 politikas\u0131 ayr\u0131\u015fmas\u0131 oldu\u011fu ve bunun \u00e7o\u011fu kez k\u0131sa vadeli teknik sinyalleri (grafik\/istikatistik temelli i\u015faretler) bast\u0131rd\u0131\u011f\u0131d\u0131r. Bu nedenle kal\u0131c\u0131 bir toparlanmaya bahis oynamak yerine, daha fazla d\u00fc\u015f\u00fc\u015fe kar\u015f\u0131 korunmak i\u00e7in \u201copsiyon\u201d (belirli fiyattan alma\/satma hakk\u0131 veren s\u00f6zle\u015fme) almak; \u00f6rne\u011fin \u201cput\u201d (sat\u0131m opsiyonu: fiyat d\u00fc\u015ferse kazan\u00e7 sa\u011flayabilen opsiyon) sat\u0131n almak daha temkinli bir strateji olarak g\u00f6r\u00fcl\u00fcyor.\n\nYine de yukar\u0131 y\u00f6n bekleyenler i\u00e7in \u201cbo\u011fa call spread\u201d (s\u0131n\u0131rl\u0131 y\u00fckseli\u015f hedefiyle iki al\u0131m opsiyonunun birlikte kullan\u0131ld\u0131\u011f\u0131 strateji) daha disiplinli bir se\u00e7enek olabilir. Bu y\u00f6ntem olas\u0131 k\u00e2r\u0131 s\u0131n\u0131rlar, ancak \u00f6denen ba\u015flang\u0131\u00e7 maliyetini (\u201cprim\u201d: opsiyon i\u00e7in \u00f6denen bedel) belirgin \u015fekilde d\u00fc\u015f\u00fcr\u00fcr. B\u00fcy\u00fck rallileri kal\u0131c\u0131la\u015ft\u0131ramayan bir parite i\u00e7in bu yakla\u015f\u0131m, uzun vadeli d\u00fc\u015f\u00fc\u015f trendi (kal\u0131c\u0131 a\u015fa\u011f\u0131 y\u00f6n) yeniden devreye girerse riski y\u00f6netirken s\u0131n\u0131rl\u0131 bir toparlanmaya kat\u0131l\u0131m sa\u011flar.\n

\n\n

Hemen i\u015flem yapmaya ba\u015flay\u0131n – Ger\u00e7ek VT Markets hesab\u0131n\u0131z\u0131 olu\u015fturmak i\u00e7in buraya<\/a> t\u0131klay\u0131n <\/strong> <\/p>\n","protected":false},"excerpt":{"rendered":"

Jeopolitik gerilimle EUR\/GBP %1,5 d\u00fc\u015ft\u00fc: Sterlin, \u015fahin BoE beklentisi ve g\u00fc\u00e7l\u00fc borsalarla \u00f6ne \u00e7\u0131kt\u0131. Petrol 90$ alt\u0131 d\u00fczeltme yapabilir; h\u0131zl\u0131 ralli yerine opsiyonla risk y\u00f6netimi \u00f6neriliyor.<\/p>\n","protected":false},"author":87,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-30112","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/30112","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/comments?post=30112"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/30112\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=30112"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=30112"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=30112"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}