Birle\u015fik Krall\u0131k i\u015fg\u00fcc\u00fc piyasas\u0131 verileri \u00e7eli\u015fkili sinyaller verdi; baz\u0131 kalemlerde istihdam daha diren\u00e7li g\u00f6r\u00fcn\u00fcrken \u00fccret dinamikleri zay\u0131flad\u0131 ve toparlanma tamamlanm\u0131\u015f de\u011fil. \u0130\u015fsizlik oran\u0131 %4,9\u2019a hafif gerilerken, HMRC tarz\u0131 bordro verileri bordrolu \u00e7al\u0131\u015fan say\u0131s\u0131n\u0131n 2 bin artt\u0131\u011f\u0131n\u0131 g\u00f6sterdi. Bu art\u0131\u015f, Nisan ay\u0131 tahmininde yap\u0131lan b\u00fcy\u00fck revizyonun ard\u0131ndan geldi; Nisan verisi -100 binden -53 bine g\u00fcncellendi.<\/p>\n
Daha iyi man\u015fet istihdam g\u00f6stergeleri ile zay\u0131flayan \u00fccret ivmesinin birle\u015fimi, yak\u0131n vadede i\u015fe al\u0131mlar i\u00e7in durgun bir arka plana i\u015faret ediyor. Bu ortamda Para Politikas\u0131 Kurulu (MPC), politika ayarlamas\u0131na gitmeden \u00f6nce gelen ekonomik verileri ve ABD\/\u0130ran \u00e7at\u0131\u015fmas\u0131 dahil jeopolitik riskleri de\u011ferlendirirken faiz art\u0131\u015flar\u0131nda beklemede kalacak alana sahip.<\/p>\n
Son Birle\u015fik Krall\u0131k i\u015fg\u00fcc\u00fc piyasas\u0131 verilerini, \u00f6n\u00fcm\u00fczdeki haftalarda MPC\u2019nin sab\u0131rl\u0131 kalaca\u011f\u0131na dair net bir sinyal olarak g\u00f6r\u00fcyoruz. \u0130\u015fsizlik oran\u0131 s\u00fcrpriz bi\u00e7imde %4,9\u2019a gerilese de zay\u0131f \u00fccret art\u0131\u015f\u0131, faiz art\u0131r\u0131mlar\u0131n\u0131n ertelenmesini destekliyor. Bu nedenle faiz piyasalar\u0131 art\u0131k en az 2026\u2019n\u0131n son \u00e7eyre\u011fine kadar bir faiz hamlesini fiyatlam\u0131yor; bu, yaln\u0131zca bir ay \u00f6ncesine k\u0131yasla belirgin bir de\u011fi\u015fim.<\/p>\n
Bu politika g\u00f6r\u00fcn\u00fcm\u00fc, di\u011fer merkez bankalar\u0131 \u015fahin duru\u015funu korurken, Sterlin \u00fczerinde a\u015fa\u011f\u0131 y\u00f6nl\u00fc bask\u0131 yarat\u0131yor. Son bir ayda GBP\/USD kurunun yakla\u015f\u0131k 1,28\u2019den 1,25\u2019e geriledi\u011fini g\u00f6rd\u00fck. Yat\u0131r\u0131mc\u0131lar\u0131n, olas\u0131 ilave zay\u0131flamaya kar\u015f\u0131 korunmak veya bundan faydalanmak amac\u0131yla GBP \u00fczerine sat\u0131m (put) opsiyonlar\u0131 almay\u0131 de\u011ferlendirmesi gerekti\u011fine inan\u0131yoruz.<\/p>\n
Hisse senedi taraf\u0131nda \u201cuzun s\u00fcre d\u00fc\u015f\u00fck faiz\u201d g\u00f6r\u00fcn\u00fcm\u00fc destekleyici olsa da jeopolitik arka plan belirgin risk bar\u0131nd\u0131r\u0131yor. ABD\/\u0130ran \u00e7at\u0131\u015fmas\u0131na ili\u015fkin mutabakat muht\u0131ras\u0131 bir miktar sakinlik getirmi\u015f olsa da Brent petrol varil fiyat\u0131 95 dolar civar\u0131nda y\u00fcksek seyrediyor ve \u015firket marjlar\u0131n\u0131 tehdit ediyor. Bu durum, belirsiz yukar\u0131 potansiyeli kabul ederken gelir yaratmak i\u00e7in FTSE 100\u2019de teminatl\u0131 al\u0131m (covered call) sat\u0131\u015f\u0131 stratejisine i\u015faret ediyor.<\/p>\n
Tarihsel olarak MPC, belirsizlik d\u00f6nemlerinde\u20142016 Brexit oylamas\u0131 sonras\u0131ndaki duru\u015flar\u0131na benzer \u015fekilde\u2014kesinle\u015fmi\u015f verileri beklemeye g\u00fc\u00e7l\u00fc bir e\u011filim g\u00f6sterdi. May\u0131s ay\u0131nda %2,3 gelen son Birle\u015fik Krall\u0131k T\u00dcFE enflasyonu, hedefe yeterince yak\u0131n oldu\u011fundan Kurul\u2019a bu temkinlili\u011fi kullanmak i\u00e7in ihtiya\u00e7 duydu\u011fu alan\u0131 sa\u011fl\u0131yor. Bu nedenle, bir sonraki b\u00fcy\u00fck ekonomik rapora kadar k\u0131sa vadeli faiz volatilitesinin bask\u0131lanm\u0131\u015f kalmas\u0131n\u0131 bekliyoruz.<\/p>\n","protected":false},"excerpt":{"rendered":"
UK i\u015fg\u00fcc\u00fc verilerinde s\u00fcrpriz: i\u015fsizlik %4,9\u2019a inerken \u00fccret art\u0131\u015f\u0131 zay\u0131flad\u0131. MPC faiz art\u0131\u015f\u0131n\u0131 2026 sonras\u0131na \u00f6teler, Sterlin bask\u0131 alt\u0131nda. GBP put ve FTSE100 covered call \u00f6ne \u00e7\u0131k\u0131yor.<\/p>\n","protected":false},"author":87,"featured_media":47807,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-49095","post","type-post","status-publish","format-standard","has-post-thumbnail","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\/49095","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=49095"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/49095\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media\/47807"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=49095"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=49095"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=49095"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}