{"id":31266,"date":"2026-03-26T22:01:18","date_gmt":"2026-03-26T22:01:18","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/td-securities-hava-kosullarinin-alisverisi-olumsuz-etkilemesiyle-birlesik-krallikta-subat-ayi-perakende-satislarinin-aylik-bazda-06-gerilemesini-bekliyor-ivme-suruyor\/"},"modified":"2026-03-26T22:01:18","modified_gmt":"2026-03-26T22:01:18","slug":"td-securities-hava-kosullarinin-alisverisi-olumsuz-etkilemesiyle-birlesik-krallikta-subat-ayi-perakende-satislarinin-aylik-bazda-06-gerilemesini-bekliyor-ivme-suruyor","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/td-securities-hava-kosullarinin-alisverisi-olumsuz-etkilemesiyle-birlesik-krallikta-subat-ayi-perakende-satislarinin-aylik-bazda-06-gerilemesini-bekliyor-ivme-suruyor\/","title":{"rendered":"TD Securities, hava ko\u015fullar\u0131n\u0131n al\u0131\u015fveri\u015fi olumsuz etkilemesiyle Birle\u015fik Krall\u0131k\u2019ta \u015fubat ay\u0131 perakende sat\u0131\u015flar\u0131n\u0131n ayl\u0131k bazda %0,6 gerilemesini bekliyor; ivme s\u00fcr\u00fcyor"},"content":{"rendered":"TD Securities, \u015eubat ay\u0131nda Birle\u015fik Krall\u0131k perakende sat\u0131\u015flar\u0131n\u0131n ayl\u0131k bazda (aydan aya, **m\/m**) %-0,6 olaca\u011f\u0131n\u0131 \u00f6ng\u00f6r\u00fcyor. Bu tahmin, piyasa beklentisi olan %-0,7\u2019ye g\u00f6re biraz daha iyi; Ocak ay\u0131ndaki %1,8\u2019lik art\u0131\u015f\u0131n ise belirgin alt\u0131nda. \u015eirket, bunun son iki aydaki y\u00fckseli\u015fin bir k\u0131sm\u0131n\u0131 geri verece\u011fini d\u00fc\u015f\u00fcn\u00fcyor.\n\nRapora g\u00f6re d\u00fc\u015f\u00fc\u015f\u00fcn nedeni, daha \u00f6nceki **tek seferlik desteklerin** (ge\u00e7ici etkilerin) zay\u0131flamas\u0131. Ayr\u0131ca olumsuz hava ko\u015fullar\u0131n\u0131n ma\u011faza ziyaretlerini (**footfall: fiziksel ma\u011fazaya giren m\u00fc\u015fteri say\u0131s\u0131**) azaltarak ay i\u00e7i sat\u0131\u015flar\u0131 d\u00fc\u015f\u00fcrd\u00fc\u011f\u00fc belirtiliyor.\n\n

Uk Consumer Momentum Still Positive<\/h3>\nAyl\u0131k verideki zay\u0131flamaya ra\u011fmen TD Securities, \u0130ngiltere\u2019de t\u00fcketici e\u011filiminin genel olarak olumlu kald\u0131\u011f\u0131n\u0131 s\u00f6yl\u00fcyor. Kas\u0131m B\u00fct\u00e7esi\u2019ne ili\u015fkin belirsizli\u011fin de azald\u0131\u011f\u0131n\u0131 not ediyor.\n\nTD Securities, \u015eubat perakende sat\u0131\u015flar\u0131n\u0131n bir \u00f6nceki aya g\u00f6re yakla\u015f\u0131k %-0,6 gerilemesini bekliyor; bu, piyasan\u0131n %-0,7 tahmininden biraz daha iyi. Ocak\u2019taki g\u00fc\u00e7l\u00fc %1,8\u2019lik art\u0131\u015f\u0131n ard\u0131ndan bu yumu\u015fama bekleniyor. Geri \u00e7ekilmenin ana nedenleri, tatil sonras\u0131 al\u0131\u015fveri\u015f etkisinin zay\u0131flamas\u0131 ve k\u00f6t\u00fc havan\u0131n fiziksel ma\u011fazalara gelen m\u00fc\u015fteri say\u0131s\u0131n\u0131 azaltmas\u0131.\n\nBu tek veriyi, dayan\u0131kl\u0131 t\u00fcketici harcamalar\u0131 ve **kat\u0131 (inat\u00e7\u0131) enflasyon** ortam\u0131nda de\u011ferlendirmek gerekiyor. Enflasyon \u015eubat\u2019ta %2,4 gelmi\u015fti. \u0130ngiltere Merkez Bankas\u0131 (**BoE**, Bank of England) kararlar\u0131n\u0131 veriye g\u00f6re alaca\u011f\u0131n\u0131 belirtti\u011fi i\u00e7in, perakende sat\u0131\u015flarda k\u00fc\u00e7\u00fck bir \u201cbeklentiden iyi\u201d sonu\u00e7 ve y\u00fcksek kalan enflasyon, ikinci \u00e7eyrekte **faiz indirimi** olas\u0131l\u0131\u011f\u0131n\u0131 azalt\u0131r. Bu tablo, **d\u00f6viz opsiyonu piyasas\u0131nda** (kurun gelece\u011fine dair hak veren s\u00f6zle\u015fmeler) sterlini destekleyebilir.\n\nGe\u00e7mi\u015fe bak\u0131ld\u0131\u011f\u0131nda, 2025 ortalar\u0131na kadar piyasalar\u0131 bask\u0131layan g\u00fc\u00e7l\u00fc t\u00fcketici belirsizli\u011fi hat\u0131rlan\u0131yor. \u015eimdi g\u00f6r\u00fclen temel g\u00fc\u00e7, \u00f6zellikle Kas\u0131m b\u00fct\u00e7esine dair soru i\u015faretleri azald\u0131\u011f\u0131 i\u00e7in, o d\u00f6neme k\u0131yasla belirgin bir de\u011fi\u015fim. Bu nedenle sat\u0131\u015flarda k\u00fc\u00e7\u00fck bir ayl\u0131k d\u00fc\u015f\u00fc\u015f, \u0130ngiltere t\u00fcketicisine dair olumlu genel g\u00f6r\u00fc\u015f\u00fc de\u011fi\u015ftirmiyor.\n\n

Trading Implications For Sterling And Uk Assets<\/h3>\nMart ay\u0131na ait GfK t\u00fcketici g\u00fcveni anketi de bu g\u00f6r\u00fc\u015f\u00fc destekliyor; endeks iki y\u0131l\u0131 a\u015fk\u0131n s\u00fcrenin en y\u00fcksek seviyesine \u00e7\u0131kt\u0131. Bu, perakende sat\u0131\u015f verisi sonras\u0131 sterlinde olas\u0131 zay\u0131fl\u0131\u011f\u0131n k\u0131sa s\u00fcreli olabilece\u011fine i\u015faret ediyor. Bu durum, ekonomik dayan\u0131kl\u0131l\u0131\u011f\u0131n s\u00fcrebilece\u011fi beklentisiyle \u043f\u043e\u0437\u0438\u0446\u0438\u044f almak i\u00e7in f\u0131rsat olarak g\u00f6r\u00fcl\u00fcyor; \u00f6rne\u011fin FTSE 100 \u00fczerinde **al\u0131m opsiyonu (call option: belirli fiyattan alma hakk\u0131)** veya EUR\/GBP paritesinde **sat\u0131m opsiyonu (put option: belirli fiyattan satma hakk\u0131)** gibi.\n\nTahmin piyasa uzla\u015f\u0131s\u0131na (**konsens\u00fcs: genel beklenti**) \u00e7ok yak\u0131n oldu\u011fu i\u00e7in, veri a\u00e7\u0131klamas\u0131 an\u0131nda belirgin bir **oynakl\u0131k (volatilite: fiyatlar\u0131n h\u0131zl\u0131 ve sert hareketi)** yaratmayabilir. Yat\u0131r\u0131mc\u0131lar, k\u0131sa vadeli opsiyonlarda **prim sat\u0131\u015f\u0131** (opsiyon fiyat\u0131ndaki primi toplayarak s\u0131n\u0131rl\u0131 hareket beklemek) gibi stratejileri d\u00fc\u015f\u00fcnebilir. Ancak \u00f6n\u00fcm\u00fczdeki haftalar\u0131n genel g\u00f6r\u00fcn\u00fcm\u00fc, \u0130ngiltere varl\u0131klar\u0131n\u0131 ve sterlini destekleyebilecek temel g\u00fcce i\u015faret ediyor.\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":"

Sterlin i\u00e7in kritik veri: TD Securities, \u015eubat\u2019ta \u0130ngiltere perakende sat\u0131\u015flar\u0131nda m\/m %-0,6 d\u00fc\u015f\u00fc\u015f bekliyor. Hava ve tek seferlik destekler etkili; t\u00fcketici momentumu g\u00fc\u00e7l\u00fc. Enflasyonuyla BoE indirimi zorla\u015fabilir.<\/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-31266","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\/31266","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=31266"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/31266\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=31266"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=31266"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=31266"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}