Euro, cuma g\u00fcn\u00fc sterlin kar\u015f\u0131s\u0131nda 11 g\u00fcn\u00fcn en d\u00fc\u015f\u00fck seviyesine indi. Haftay\u0131 y\u00fczde 0,85 d\u00fc\u015f\u00fc\u015fle kapatmaya haz\u0131rlan\u0131yordu. Almanya\u2019n\u0131n GSYH\u2019si (gayrisafi yurt i\u00e7i has\u0131la; ekonominin toplam \u00fcretimi) 1. \u00e7eyrekte y\u00fczde 0,3 artt\u0131 ve \u00f6nceki \u00e7eyre\u011fe paralel geldi. Y\u0131ll\u0131k GSYH y\u00fczde 0,3\u2019ten y\u00fczde 0,4\u2019e revize edildi, ancak fiyatlama s\u0131n\u0131rl\u0131 kald\u0131.<\/p>\n
NIQ, Almanya\u2019n\u0131n GfK t\u00fcketici g\u00fcven endeksinin (hanehalk\u0131n\u0131n harcama e\u011filimini g\u00f6steren anket) haziran i\u00e7in -29,8\u2019e iyile\u015fti\u011fini bildirdi. Endeks may\u0131staki -33,1\u2019den y\u00fckseldi ve -34 beklentisinin \u00fczerinde geldi. \u0130ngiltere\u2019de resmi veriler, perakende sat\u0131\u015flar\u0131n nisanda y\u00fczde 1,3 d\u00fc\u015ft\u00fc\u011f\u00fcn\u00fc g\u00f6sterdi. Bu, y\u00fczde 0,6 d\u00fc\u015f\u00fc\u015f beklentisiyle k\u0131yasland\u0131\u011f\u0131nda daha zay\u0131f kald\u0131 ve marttaki y\u00fczde 0,6 art\u0131\u015f\u0131n ard\u0131ndan geldi. Akaryak\u0131t hari\u00e7 sat\u0131\u015flar (benzin gibi kalemler \u00e7\u0131kar\u0131larak daha \u201ctemel\u201d e\u011filimi \u00f6l\u00e7en veri) y\u00fczde 0,4 geriledi; beklenti y\u00fczde 0,3 d\u00fc\u015f\u00fc\u015ft\u00fc. Martta akaryak\u0131t hari\u00e7 sat\u0131\u015flar y\u00fczde 0,1 artm\u0131\u015ft\u0131. Sterlin, \u00f6nceki haftan\u0131n kay\u0131plar\u0131n\u0131 geri ald\u0131. \u0130ngiltere\u2019de i\u015f faaliyeti (\u015firketlerin \u00fcretim ve hizmet temposunu g\u00f6steren g\u00f6stergeler) per\u015fembe g\u00fcn\u00fc Euro B\u00f6lgesi\u2019ne g\u00f6re daha diren\u00e7li seyretti.<\/p>\n
2025\u2019in bu d\u00f6neminde sterlinin, zay\u0131f perakende sat\u0131\u015f verilerine ra\u011fmen Euro kar\u015f\u0131s\u0131nda beklenmedik \u015fekilde g\u00fc\u00e7l\u00fc kald\u0131\u011f\u0131n\u0131 hat\u0131rl\u0131yoruz. Piyasa, Almanya\u2019dan gelen olumlu verilerden \u00e7ok \u0130ngiltere\u2019de \u015firketlerin dayan\u0131kl\u0131l\u0131\u011f\u0131na odaklanm\u0131\u015ft\u0131. Bu da sterlinin daha iyi performans g\u00f6sterdi\u011fi net bir e\u011filim olu\u015fturmu\u015f, pozisyonunu koruyanlara kazan\u00e7 sa\u011flam\u0131\u015ft\u0131.<\/p>\n
Bug\u00fcn Euro B\u00f6lgesi\u2019nin g\u00f6r\u00fcn\u00fcm\u00fc daha da k\u0131r\u0131lgan. 2026\u2019n\u0131n ilk \u00e7eyre\u011finde b\u00fcy\u00fcme sadece y\u00fczde 0,2 ile zay\u0131f kald\u0131. Son veriler, Almanya IFO i\u015f iklimi endeksinin (\u015firketlerin mevcut durum ve beklentilerini \u00f6l\u00e7en anket) bu ay 89,5\u2019e indi\u011fini, b\u00f6ylece art arda ikinci ayl\u0131k d\u00fc\u015f\u00fc\u015f\u00fcn g\u00f6r\u00fcld\u00fc\u011f\u00fcn\u00fc g\u00f6steriyor. Bu, b\u00f6lgenin en b\u00fcy\u00fck ekonomisinde ivme kayb\u0131na i\u015faret ediyor ve Euro\u2019nun g\u00fc\u00e7 kazanmas\u0131n\u0131 zorla\u015ft\u0131r\u0131yor.<\/p>\n
Buna kar\u015f\u0131l\u0131k \u0130ngiltere\u2019de enflasyon daha kal\u0131c\u0131 seyrediyor. Nisan 2026\u2019da y\u0131ll\u0131k enflasyon y\u00fczde 2,5 oldu ve \u0130ngiltere Merkez Bankas\u0131\u2019n\u0131n (BoE) hedefinin \u00fczerinde kald\u0131. Bu inat\u00e7\u0131 fiyat bask\u0131s\u0131, BoE\u2019nin yak\u0131nda faiz indirmesini zorla\u015ft\u0131r\u0131yor. Faizlerin y\u00fcksek kalmas\u0131, sterlini \u201cgetiri\u201d (faiz geliri) avantaj\u0131yla destekliyor. Tarihsel olarak faiz farklar\u0131, d\u00f6viz kurlar\u0131ndaki hareketlerin \u00f6nemli bir belirleyicisi olmu\u015ftur.<\/p>\n
\u00d6n\u00fcm\u00fczdeki haftalar\u0131n ana temas\u0131, BoE ile Avrupa Merkez Bankas\u0131 (ECB) aras\u0131ndaki bu politika ayr\u0131\u015fmas\u0131n\u0131n b\u00fcy\u00fcmesi. ECB\u2019nin faizi temmuz gibi erken bir tarihte indirmesi beklenirken, para piyasalar\u0131 (faiz beklentilerinin fiyatland\u0131\u011f\u0131 piyasa) BoE\u2019den bir faiz indirimini 2026\u2019n\u0131n son \u00e7eyre\u011finin sonlar\u0131na kadar beklemiyor. Bu beklenti fark\u0131n\u0131n a\u00e7\u0131lmas\u0131, EUR\/GBP kurunu (Euro\u2019nun sterlin kar\u015f\u0131s\u0131ndaki de\u011feri) bask\u0131lamaya devam edebilir.<\/p>\n
Bu temel tabloya g\u00f6re, t\u00fcrev \u00fcr\u00fcn i\u015flemi yapanlar\u0131n (opsiyon gibi ara\u00e7larla i\u015flem yapanlar) EUR\/GBP\u2019deki oynakl\u0131kta (fiyat\u0131n ne kadar sert dalgaland\u0131\u011f\u0131) g\u00f6r\u00fclebilecek h\u0131zl\u0131 y\u00fckseli\u015flerde sat\u0131\u015f taraf\u0131n\u0131 de\u011ferlendirmesi \u00f6ne \u00e7\u0131k\u0131yor. Merkez bankalar\u0131ndan gelen daha \u00f6ng\u00f6r\u00fclebilir sinyaller, sert ve ani s\u0131\u00e7ramalardan \u00e7ok kademeli bir d\u00fc\u015f\u00fc\u015fe yol a\u00e7abilir. Bu ortamda d\u00fc\u015f\u00fck oynakl\u0131ktan fayda sa\u011flayan stratejiler daha cazip hale gelir. \u00d6rne\u011fin, sterlin uzun pozisyonlar\u0131yla birlikte \u201ccovered call\u201d yazmak (elde tutulan varl\u0131\u011fa kar\u015f\u0131 al\u0131m opsiyonu sat\u0131p prim geliri elde etmek) \u00f6ne \u00e7\u0131kabilir.<\/p>\n
Daha fazla d\u00fc\u015f\u00fc\u015fe pozisyon almak i\u00e7in GBP al\u0131m opsiyonu veya EUR sat\u0131m opsiyonu almak, Euro zay\u0131fl\u0131\u011f\u0131ndan do\u011frudan yararlanman\u0131n bir yoludur. Daha s\u0131n\u0131rl\u0131 riskle ilerlemek isteyenler i\u00e7in, EUR\/GBP \u00fczerinde sat\u0131m opsiyonu spread\u2019i kurmak (iki farkl\u0131 kullan\u0131m fiyat\u0131nda sat\u0131m opsiyonu al\u0131p satarak maliyet ve riski s\u0131n\u0131rlamak) etkili olabilir. Bu yakla\u015f\u0131m, hedeflenen d\u00fc\u015f\u00fc\u015f kadar kazanc\u0131 ama\u00e7larken hem olas\u0131 kazanc\u0131 hem de ba\u015flang\u0131\u00e7 maliyetini s\u0131n\u0131rlar.<\/p>\n","protected":false},"excerpt":{"rendered":"
Dikkat: EUR\/GBP\u2019de bask\u0131 art\u0131yor! Euro, sterlin kar\u015f\u0131s\u0131nda 11 g\u00fcn\u00fcn dibine inerken Almanya verileri s\u0131n\u0131rl\u0131 destek verdi. BoE\u2019nin ge\u00e7 faiz indirimi, ECB\u2019nin erken indirimi sterlini g\u00fc\u00e7lendiriyor.<\/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-47264","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\/47264","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=47264"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/47264\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=47264"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=47264"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=47264"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}