{"id":31123,"date":"2026-03-25T10:05:53","date_gmt":"2026-03-25T10:05:53","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/britanyada-subat-ayinda-mevsimsellikten-arindirilmamis-aylik-cikti-ufe-05-gerileyerek-beklenen-02-artisin-altinda-kaldi\/"},"modified":"2026-03-25T10:05:53","modified_gmt":"2026-03-25T10:05:53","slug":"britanyada-subat-ayinda-mevsimsellikten-arindirilmamis-aylik-cikti-ufe-05-gerileyerek-beklenen-02-artisin-altinda-kaldi","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/britanyada-subat-ayinda-mevsimsellikten-arindirilmamis-aylik-cikti-ufe-05-gerileyerek-beklenen-02-artisin-altinda-kaldi\/","title":{"rendered":"Britanya\u2019da \u015eubat ay\u0131nda mevsimsellikten ar\u0131nd\u0131r\u0131lmam\u0131\u015f ayl\u0131k \u00e7\u0131kt\u0131 \u00dcFE %0,5 gerileyerek beklenen %0,2 art\u0131\u015f\u0131n alt\u0131nda kald\u0131"},"content":{"rendered":"Birle\u015fik Krall\u0131k \u00dcretici Fiyat Endeksi (\u00dcFE) (\u00e7\u0131k\u0131\u015f), ayl\u0131k bazda ve mevsim etkisinden ar\u0131nd\u0131r\u0131lmam\u0131\u015f \u015fekilde \u015eubat ay\u0131 i\u00e7in a\u00e7\u0131kland\u0131.\n\nVeri, %0,2 beklentiye kar\u015f\u0131l\u0131k %-0,5 geldi.\n\n\u015eubat ay\u0131 \u00fcretici fiyat verisi belirgin bir d\u00fc\u015f\u00fc\u015fe i\u015faret ediyor: Fabrika \u00e7\u0131k\u0131\u015f fiyatlar\u0131 (\u00fcreticinin mal\u0131 satt\u0131\u011f\u0131 fiyatlar) beklenen %0,2 art\u0131\u015f yerine %0,5 geriledi. Bu durum, Birle\u015fik Krall\u0131k ekonomisinde enflasyon bask\u0131s\u0131n\u0131n beklenenden \u00e7ok daha h\u0131zl\u0131 azald\u0131\u011f\u0131n\u0131 g\u00f6steriyor. \u00dcFE, t\u00fcketici enflasyonunu (T\u00dcFE) \u00f6nceden i\u015faret eden g\u00fc\u00e7l\u00fc bir \u00f6nc\u00fc g\u00f6stergedir; bu veri t\u00fcketici fiyatlar\u0131na giden hatta (maliyet zincirinde) enflasyonun belirgin bi\u00e7imde zay\u0131flad\u0131\u011f\u0131na i\u015faret ediyor.\n\nBu beklenmedik d\u00fc\u015f\u00fc\u015f\u00fcn, \u0130ngiltere Merkez Bankas\u0131\u2019n\u0131n faizi %3,5\u2019te tutma yakla\u015f\u0131m\u0131n\u0131 yeniden de\u011ferlendirmesine yol a\u00e7mas\u0131 muhtemel. Ocak ay\u0131ndaki son resmi T\u00dcFE (t\u00fcketici fiyatlar\u0131) verisinin zaten %2,8\u2019e gerilemi\u015f olmas\u0131, bu yeni verilerle birlikte daha \u201cg\u00fcvercin\u201d (faiz art\u0131r\u0131m\u0131 yerine faiz indirimi e\u011filimi) bir politika de\u011fi\u015fimi ihtimalini g\u00fc\u00e7lendiriyor. May\u0131s ay\u0131 Para Politikas\u0131 Kurulu toplant\u0131s\u0131nda faiz indirimi olas\u0131l\u0131\u011f\u0131n\u0131n belirgin \u015fekilde artt\u0131\u011f\u0131n\u0131 d\u00fc\u015f\u00fcn\u00fcyoruz.\n\nD\u00f6viz yat\u0131r\u0131mc\u0131lar\u0131 a\u00e7\u0131s\u0131ndan bu g\u00f6r\u00fcn\u00fcm, Sterlin\u2019de kayda de\u011fer zay\u0131fl\u0131\u011fa i\u015faret ediyor. 1,24 civar\u0131nda seyreden GBP\/USD\u2019nin, faiz farklar\u0131n\u0131n (iki \u00fclke faizleri aras\u0131ndaki fark) dolar lehine d\u00f6nmesiyle bask\u0131 alt\u0131na girmesini bekliyoruz. T\u00fcrev ara\u00e7larla (de\u011feri ba\u015fka bir varl\u0131\u011fa ba\u011fl\u0131 s\u00f6zle\u015fmeler) strateji olarak; sterlin \u00fczerinde sat\u0131m opsiyonu (put: belirli fiyattan satma hakk\u0131) almak veya GBP vadeli kontrat (gelecekte belirli fiyattan al\u0131m-sat\u0131m s\u00f6zle\u015fmesi) satmak de\u011ferlendirilebilir.\n\nFaiz piyasalar\u0131nda, faiz getirileri (tahvil faizi) d\u00fc\u015ferken d\u00fc\u015f\u00fck faiz beklentilerinin fiyatlara yans\u0131mas\u0131yla Birle\u015fik Krall\u0131k devlet tahvillerinde (gilt) y\u00fckseli\u015f bekliyoruz. Bu ortamda 3 ayl\u0131k SONIA vadeli kontratlar\u0131nda (SONIA: Sterlin gecelik faiz oran\u0131; vadeli kontrat: gelece\u011fe d\u00f6n\u00fck fiyatlama) \u201clong\u201d pozisyon (y\u00fckseli\u015f beklentisiyle al\u0131m) almak cazip g\u00f6r\u00fcn\u00fcyor; \u00e7\u00fcnk\u00fc faiz beklentisi d\u00fc\u015f\u00fcnce bu kontratlar\u0131n fiyat\u0131 y\u00fckselir. Bu kurgu, 2024 sonlar\u0131nda zay\u0131f imalat verilerinin k\u0131sa vadeli faiz vadeli kontratlar\u0131nda sert y\u00fckseli\u015fi \u00f6nceledi\u011fi d\u00f6neme benzer.\n\nTersine, daha erken faiz indirimleri olas\u0131l\u0131\u011f\u0131 Birle\u015fik Krall\u0131k hisseleri i\u00e7in olumlu olabilir; \u00f6zellikle i\u00e7 talebe duyarl\u0131 \u015firketler i\u00e7in. Daha d\u00fc\u015f\u00fck bor\u00e7lanma maliyeti \u015firket k\u00e2rl\u0131l\u0131\u011f\u0131n\u0131 destekler ve de\u011ferlemeleri (\u015firketin piyasa de\u011ferinin hesaplanmas\u0131) yukar\u0131 \u00e7ekebilir. Yat\u0131r\u0131mc\u0131lar, \u00f6n\u00fcm\u00fczdeki haftalarda olas\u0131 bir borsa y\u00fckseli\u015fine kar\u015f\u0131 FTSE 250 endeksinde al\u0131m opsiyonu (call: belirli fiyattan alma hakk\u0131) almay\u0131 de\u011ferlendirebilir.\n<p>\n\n<p><strong>Hemen i\u015flem yapmaya ba\u015flay\u0131n &#8211; Ger\u00e7ek VT Markets hesab\u0131n\u0131z\u0131 olu\u015fturmak i\u00e7in <a href=\"https:\/\/www.vtmarkets.com\/tr\/trade-now\/\">buraya<\/a> t\u0131klay\u0131n <\/strong> <\/p>\n<!-- \/wp:post-content -->","protected":false},"excerpt":{"rendered":"<p>\u015eok \u00dcFE: \u0130ngiltere fabrika \u00e7\u0131k\u0131\u015f fiyatlar\u0131 \u015eubat\u2019ta beklenti %0,2\u2019ye kar\u015f\u0131 %-0,5 d\u00fc\u015ft\u00fc. Enflasyon bask\u0131s\u0131 \u00e7\u00f6z\u00fcl\u00fcyor; BoE\u2019de faiz indirimi ihtimali art\u0131yor. Sterlin bask\u0131lanabilir, giltler destek bulabilir.<\/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-31123","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\/31123","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=31123"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/31123\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=31123"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=31123"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=31123"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}