GBP\/USD \u00fc\u00e7\u00fcnc\u00fc g\u00fcnde de geriledi ve Cuma g\u00fcn\u00fc Asya saatlerinde 1,3520 civar\u0131nda i\u015flem g\u00f6rd\u00fc. Sterlin, piyasalar\u0131n \u0130ngiltere Merkez Bankas\u0131\u2019n\u0131n (BoE) faiz art\u0131raca\u011f\u0131 beklentisini azaltmas\u0131 ve Orta Do\u011fu\u2019daki gerginli\u011fin azalabilece\u011fine dair umutlarla de\u011fer kaybetti.<\/p>\n
BoE Ba\u015fkan\u0131 Andrew Bailey, Banka\u2019n\u0131n faiz art\u0131\u015f\u0131nda \u201caceleci karar vermeyece\u011fini\u201d s\u00f6yledi. Petrol ve do\u011falgaz fiyatlar\u0131ndaki art\u0131\u015f\u0131n enflasyona (fiyat art\u0131\u015f h\u0131z\u0131) yans\u0131yaca\u011f\u0131n\u0131 belirten Bailey, faiz kararlar\u0131n\u0131n \u201c\u00e7ok, \u00e7ok zor\u201d oldu\u011funu ifade etti.<\/p>\n
Per\u015fembe g\u00fcn\u00fc GBP\/USD yakla\u015f\u0131k %0,25 d\u00fc\u015ferek 1,3525 yak\u0131n\u0131nda kapand\u0131 ve yeniden 1,3550 seviyesinin alt\u0131na indi. Parite, \u00c7ar\u015famba g\u00fcn\u00fc 1,3600\u2019e do\u011fru g\u00f6r\u00fclen y\u00fckseli\u015fin ard\u0131ndan geri \u00e7ekildi.<\/p>\n
\u0130ngiltere verileri kar\u0131\u015f\u0131kt\u0131: GSYH (ekonominin toplam \u00fcretimi) \u015eubat\u2019ta ayl\u0131k %0,5 artt\u0131 (beklenti %0,1). Hizmetler Endeksi (hizmet sekt\u00f6r\u00fcndeki \u00fcretim) %0,5 y\u00fckseldi (beklenti %0,3). \u0130malat \u00dcretimi (fabrika \u00fcretimi) ayl\u0131k %0,1 d\u00fc\u015ft\u00fc ve y\u0131ll\u0131k %0,5 geriledi. Sanayi \u00dcretimi (madencilik-enerji-imalat toplam\u0131) y\u0131ll\u0131k bazda %-0,4 geldi (beklenti %-0,9).<\/p>\n
Parite, ABD verilerinin daha g\u00fc\u00e7l\u00fc gelmesiyle %0,17 daha geriledi; iki ay\u0131n zirvesi olan 1,3594\u2019ten sonra 1,3534 civar\u0131na indi. ABD Haftal\u0131k \u0130\u015fsizlik Maa\u015f\u0131 Ba\u015fvurular\u0131 218 binden 207 bine geriledi (beklenti 215 bin). ABD Sanayi \u00dcretimi Mart\u2019ta ayl\u0131k bazda %0,7\u2019den %-0,5\u2019e d\u00fc\u015ft\u00fc.<\/p>\n
GBP\/USD\u2019de 2025 ba\u015f\u0131ndaki seyre benzeyen bir g\u00f6r\u00fcn\u00fcm var. BoE\u2019nin faiz art\u0131raca\u011f\u0131 beklentisi zay\u0131flad\u0131k\u00e7a parite yeniden bask\u0131 alt\u0131nda kal\u0131yor. Bu ortamda Sterlin\u2019de y\u00fckseli\u015fleri sat\u0131\u015f f\u0131rsat\u0131 olarak g\u00f6rmek daha mant\u0131kl\u0131 olabilir.<\/p>\n
Bu g\u00f6r\u00fc\u015f\u00fc, Mart 2026\u2019ya ait son enflasyon verileri de destekliyor: Man\u015fet T\u00dcFE (T\u00fcketici Fiyat Endeksi; t\u00fcketici fiyatlar\u0131ndaki genel art\u0131\u015f) %2,8\u2019e indi; \u00f6nceki ay %3,2 idi. Enflasyondaki bu yava\u015flama, BoE\u2019ye faizleri sabit tutmak i\u00e7in alan a\u00e7\u0131yor. Geceleme Endeks Swaplar\u0131 (OIS; piyasadaki faiz beklentisini g\u00f6steren faiz takas\u0131 i\u015flemleri) art\u0131k A\u011fustos\u2019a kadar BoE\u2019nin faiz art\u0131rma ihtimalini %20\u2019nin alt\u0131nda fiyatl\u0131yor.<\/p>\n
2025\u2019teki zay\u0131f imalat g\u00f6stergelerine benzer \u015fekilde, S&P Global\/CIPS \u0130ngiltere \u0130malat PMI (sat\u0131n alma y\u00f6neticileri endeksi; 50\u2019nin alt\u0131 daralmaya i\u015faret eder) Mart 2026\u2019da 48,9 ile daralmaya i\u015faret etti. \u0130ngiltere\u2019nin sanayi taraf\u0131ndaki bu zay\u0131fl\u0131k, hizmetlerdeki g\u00f6rece iyi seyre ra\u011fmen Sterlin\u2019e net bir destek olu\u015fturacak g\u00fc\u00e7l\u00fc bir itici g\u00fc\u00e7 b\u0131rakm\u0131yor. Bu tekrar eden tablo, Sterlin i\u00e7in kal\u0131c\u0131 bir olumsuz etken olarak \u00f6ne \u00e7\u0131k\u0131yor.<\/p>\n
Paritenin di\u011fer taraf\u0131nda ABD ekonomisi daha g\u00fc\u00e7l\u00fc g\u00f6r\u00fcn\u00fcyor ve bu durum para politikas\u0131 ayr\u0131\u015fmas\u0131n\u0131 (BoE ile Fed\u2019in farkl\u0131 y\u00f6nde hareket etmesini) art\u0131r\u0131yor. Mart 2026 ABD Tar\u0131m D\u0131\u015f\u0131 \u0130stihdam verisi (NFP; tar\u0131m d\u0131\u015f\u0131 sekt\u00f6rlerde istihdam de\u011fi\u015fimi) 250 bin art\u0131\u015f g\u00f6stererek beklentileri belirgin \u015fekilde a\u015ft\u0131. Bu, Nisan 2025\u2019te dolar\u0131 Sterlin kar\u015f\u0131s\u0131nda destekleyen g\u00fc\u00e7l\u00fc istihdam verilerine benzer bir tablo.<\/p>\n
Bu \u00e7er\u00e7evede, t\u00fcrev i\u015flemlerle u\u011fra\u015fan yat\u0131r\u0131mc\u0131lar GBP\/USD\u2019de d\u00fc\u015f\u00fc\u015ften ya da yatay bant hareketinden fayda sa\u011flayacak pozisyonlar\u0131 de\u011ferlendirebilir. \u00d6n\u00fcm\u00fczdeki 1-3 ay vadeli GBP\/USD sat\u0131m (put) opsiyonu (belirli fiyattan satma hakk\u0131) almak, d\u00fc\u015f\u00fc\u015ften kazan\u00e7 elde etmenin ve riski s\u0131n\u0131rlaman\u0131n do\u011frudan bir yoludur. \u00d6zellikle d\u00fc\u015f\u00fc\u015f y\u00f6nl\u00fc put spread (iki farkl\u0131 kullan\u0131m fiyatl\u0131 put al\u0131m-sat\u0131m\u0131ndan olu\u015fan strateji) prim maliyetini (opsiyonun pe\u015fin \u00f6demesi) azaltmak i\u00e7in kullan\u0131labilir.<\/p>\n
\u0130ngiltere imalat\u0131ndaki zay\u0131fl\u0131k ile ABD i\u015fg\u00fcc\u00fc piyasas\u0131ndaki g\u00fc\u00e7, oynakl\u0131\u011f\u0131n (fiyat dalgalanmas\u0131) piyasada d\u00fc\u015f\u00fck fiyatlan\u0131yor olabilece\u011fini g\u00f6steriyor. 2025\u2019te 1,3600\u2019e do\u011fru g\u00f6r\u00fclen h\u0131zl\u0131 y\u00fckseli\u015fin kal\u0131c\u0131 olmamas\u0131, sert ama ge\u00e7ici hareketlerin m\u00fcmk\u00fcn oldu\u011funa i\u015faret ediyor. Bu nedenle yat\u0131r\u0131mc\u0131lar, straddle gibi ara\u00e7larla (ayn\u0131 vadede hem al\u0131m\/call hem sat\u0131m\/put opsiyonu alma) oynakl\u0131k almay\u0131 d\u00fc\u015f\u00fcnebilir; b\u00f6ylece y\u00f6n\u00fc kesin bilmeden b\u00fcy\u00fck bir fiyat hareketine oynanabilir.<\/p>\n","protected":false},"excerpt":{"rendered":"
Sterlin\u2019de alarm: GBP\/USD \u00fc\u00e7\u00fcnc\u00fc g\u00fcn d\u00fc\u015f\u00fc\u015fte, 1,3520 civar\u0131. BoE\u2019nin faiz art\u0131\u015f\u0131 beklentisi zay\u0131fl\u0131yor, enflasyon geriliyor. ABD verileri g\u00fc\u00e7l\u00fc; ayr\u0131\u015fma derinle\u015fiyor, y\u00fckseli\u015fler sat\u0131\u015f f\u0131rsat\u0131.<\/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-44861","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\/44861","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=44861"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/44861\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=44861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=44861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=44861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}