{"id":43649,"date":"2026-03-30T19:01:28","date_gmt":"2026-03-30T19:01:28","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/rabobanktan-jane-foley-piyasalarin-ingiltere-merkez-bankasina-iliskin-beklentileri-yeniden-fiyatlamasiyla-sterlinin-g10-para-birimlerinin-coguna-karsi-daha-iyi-performans-gosterdigi\/"},"modified":"2026-03-30T19:01:28","modified_gmt":"2026-03-30T19:01:28","slug":"rabobanktan-jane-foley-piyasalarin-ingiltere-merkez-bankasina-iliskin-beklentileri-yeniden-fiyatlamasiyla-sterlinin-g10-para-birimlerinin-coguna-karsi-daha-iyi-performans-gosterdigi","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/rabobanktan-jane-foley-piyasalarin-ingiltere-merkez-bankasina-iliskin-beklentileri-yeniden-fiyatlamasiyla-sterlinin-g10-para-birimlerinin-coguna-karsi-daha-iyi-performans-gosterdigi\/","title":{"rendered":"Rabobank\u2019tan Jane Foley, piyasalar\u0131n \u0130ngiltere Merkez Bankas\u0131\u2019na ili\u015fkin beklentileri yeniden fiyatlamas\u0131yla sterlinin G10 para birimlerinin \u00e7o\u011funa kar\u015f\u0131 daha iyi performans g\u00f6sterdi\u011fini s\u00f6yledi"},"content":{"rendered":"Orta Do\u011fu\u2019daki \u00e7at\u0131\u015fmadan bu yana Sterlin, ABD Dolar\u0131\u2019n\u0131n ard\u0131ndan G10 para birimleri aras\u0131nda en iyi ikinci performans\u0131 g\u00f6sterdi. Bu durum, \u0130ngiltere Merkez Bankas\u0131\u2019n\u0131n (BoE) faiz politikas\u0131 beklentilerinin piyasada yeniden fiyatlanmas\u0131yla (yat\u0131r\u0131mc\u0131lar\u0131n bekledi\u011fi faiz patikas\u0131n\u0131 g\u00fcncellemesiyle) ba\u011flant\u0131l\u0131yd\u0131.\n\n\u00c7at\u0131\u015fma \u00f6ncesinde piyasalar BoE\u2019nin bu y\u0131l faizi iki kez daha indirebilece\u011fini (faiz d\u00fc\u015f\u00fc\u015f\u00fc) bekliyordu. Mevcut fiyatlama, bir y\u0131ll\u0131k g\u00f6r\u00fcn\u00fcmde iki ile \u00fc\u00e7 faiz art\u0131\u015f\u0131 (faiz y\u00fckseli\u015fi) aras\u0131nda bir beklentiye i\u015faret ediyor, ancak beklentiler bir miktar yumu\u015fad\u0131.\n\n<h3>BoE Faiz Beklentilerindeki De\u011fi\u015fim<\/h3>\nRabobank ekonomisti Stefan Koopman, yaln\u0131zca bir BoE faiz art\u0131\u015f\u0131 riskini \u00f6ne \u00e7\u0131kar\u0131yor; bu art\u0131\u015f Nisan\u2019da gelebilir. Rabobank, \u0130ngiltere\u2019de b\u00fcy\u00fcme zay\u0131fl\u0131\u011f\u0131 ve \u201cstagflasyon\u201d (b\u00fcy\u00fcmenin zay\u0131f oldu\u011fu veya durdu\u011fu ortamda enflasyonun y\u00fcksek kalmas\u0131) riskleri Sterlin \u00fczerinde bask\u0131 kuraca\u011f\u0131 i\u00e7in, ilkbahara do\u011fru Sterlin\u2019in bir miktar de\u011fer kaybedebilece\u011fini d\u00fc\u015f\u00fcn\u00fcyor.\n\nRabobank, EUR\/GBP paritesinin (Euro\/Sterlin kuru) 3\u20136 ay i\u00e7inde 0,87\u20130,88 band\u0131na y\u00f6nelmesini bekliyor. Banka ayr\u0131ca, ayn\u0131 d\u00f6nemde Sterlin\u2019in ABD Dolar\u0131 d\u0131\u015f\u0131ndaki G10 para birimlerinden olu\u015fan sepete kar\u015f\u0131 (bir grup para birimine g\u00f6re ortalama performans) son d\u00f6nemdeki kazan\u00e7lar\u0131n\u0131n bir k\u0131sm\u0131n\u0131 geri verece\u011fini \u00f6ng\u00f6r\u00fcyor.\n\nRapor, BoE\u2019nin politikay\u0131 sert bi\u00e7imde s\u0131k\u0131la\u015ft\u0131rmas\u0131 (faiz art\u0131r\u0131p finansal ko\u015fullar\u0131 zorla\u015ft\u0131rmas\u0131) halinde Sterlin\u2019in baz\u0131 benzer \u00fclke para birimlerine k\u0131yasla resesyon (ekonominin k\u00fc\u00e7\u00fclmesi) riskine daha a\u00e7\u0131k olabilece\u011fini belirtti.\n\nSterlin bu \u00e7eyrekte G10 i\u00e7inde g\u00f6rece g\u00fc\u00e7l\u00fc para birimlerinden biri oldu; bunun arkas\u0131nda piyasalar\u0131n bu y\u0131l BoE\u2019den en az iki faiz art\u0131\u015f\u0131 daha beklemesi var. Son veriler \u0130ngiltere\u2019de enflasyonun beklenmedik \u015fekilde y\u00fcksek kalarak %3,5 seviyesinde seyretti\u011fini g\u00f6steriyor; bu da merkez bankas\u0131 \u00fczerindeki bask\u0131y\u0131 art\u0131r\u0131yor. Ancak bize g\u00f6re bu faiz art\u0131\u015f\u0131 beklentileri abart\u0131l\u0131 ve bir f\u0131rsat yarat\u0131yor.\n\n<h3>\u0130ngiltere B\u00fcy\u00fcme Riskleri ve Piyasa Konumlanmas\u0131<\/h3>\n\u0130ngiltere ekonomisi belirgin bir zorlanma sinyali veriyor; bu da agresif s\u0131k\u0131la\u015ft\u0131rmay\u0131 riskli hale getiriyor. Ge\u00e7en \u00e7eyre\u011fin GSYH (Gayrisafi Yurt \u0130\u00e7i Has\u0131la: ekonominin toplam \u00fcretimi) verisi %0,1 daralmaya i\u015faret ederken, son i\u015f d\u00fcnyas\u0131 anketleri (\u015firketlerin talep, sipari\u015f ve faaliyet beklentilerini \u00f6l\u00e7en g\u00f6stergeler) ilkbahara do\u011fru talebin zay\u0131flad\u0131\u011f\u0131na i\u015faret ediyor. Bu tablo, \u0130ngiliz ekonomisini Avrupa\u2019daki benzer \u00fclkelere k\u0131yasla resesyona daha a\u00e7\u0131k k\u0131l\u0131yor.\n\n2025 sonlar\u0131nda da benzer bir tablo g\u00f6r\u00fclm\u00fc\u015ft\u00fc; piyasalar sert faiz art\u0131\u015flar\u0131 fiyatlam\u0131\u015f, ancak b\u00fcy\u00fcme zay\u0131flay\u0131nca BoE daha temkinli bir \u00e7izgi izlemi\u015fti. Mevcut stagflasyon riskleri dikkate al\u0131nd\u0131\u011f\u0131nda, Euro kar\u015f\u0131s\u0131nda daha zay\u0131f bir Sterlin senaryosuna g\u00f6re pozisyon almak daha temkinli bir yakla\u015f\u0131m olabilir. Opsiyon piyasas\u0131 (belirli bir tarihe kadar belirli fiyattan al\u0131m\/sat\u0131m hakk\u0131 veren s\u00f6zle\u015fmelerin i\u015flemleri) Sterlin\u2019de d\u00fc\u015f\u00fc\u015fe kar\u015f\u0131 koruma sa\u011flayan s\u00f6zle\u015fmelerin (Sterlin de\u011fer kaybederse kazan\u00e7 sa\u011flayan\/kay\u0131p azaltan opsiyonlar) g\u00f6rece ucuzlad\u0131\u011f\u0131n\u0131 g\u00f6steriyor.\n\nBu nedenle yat\u0131r\u0131mc\u0131lar, \u00f6zellikle Euro kar\u015f\u0131s\u0131nda Sterlin\u2019de d\u00fc\u015f\u00fc\u015ften fayda sa\u011flayacak pozisyonlar\u0131 de\u011ferlendirebilir. \u00d6rne\u011fin GBP\/USD \u00fczerinde \u201cput opsiyonu\u201d (belirli fiyattan satma hakk\u0131; kur d\u00fc\u015ferse de\u011fer kazan\u0131r) ya da EUR\/GBP \u00fczerinde \u201ccall opsiyonu\u201d (belirli fiyattan alma hakk\u0131; parite y\u00fckselirse de\u011fer kazan\u0131r) d\u00fc\u015f\u00fcn\u00fclebilir. Ekonomik ger\u00e7eklerin Sterlin\u2019i bask\u0131lamas\u0131yla, \u00f6n\u00fcm\u00fczdeki 3\u20136 ayda EUR\/GBP\u2019nin 0,87\u20130,88 b\u00f6lgesine y\u00f6nelmesini bekliyoruz.\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>Sterlin, Orta Do\u011fu gerilimi sonras\u0131 G10\u2019da parlad\u0131; ancak BoE\u2019de agresif faiz art\u0131\u015f\u0131 fiyatlamas\u0131 abart\u0131l\u0131. Zay\u0131f b\u00fcy\u00fcme\/stagflasyon bask\u0131s\u0131 artarken Rabobank, 3\u20136 ayda EUR\/GBP 0,87\u20130,88 \u00f6ng\u00f6r\u00fcyor.<\/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-43649","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\/43649","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=43649"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/43649\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=43649"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=43649"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=43649"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}