{"id":51346,"date":"2026-07-21T10:30:39","date_gmt":"2026-07-21T10:30:39","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr-mena\/uncategorized\/ocbc-burnhamin-mali-esnekligine-iliskin-uyarisinin-sterlin-uzerinde-baski-yaratabilecegini-soylerken-eur-gbp-087ye-toparlanmayi-hedefliyor\/"},"modified":"2026-07-21T10:30:39","modified_gmt":"2026-07-21T10:30:39","slug":"ocbc-burnhamin-mali-esnekligine-iliskin-uyarisinin-sterlin-uzerinde-baski-yaratabilecegini-soylerken-eur-gbp-087ye-toparlanmayi-hedefliyor","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/ocbc-burnhamin-mali-esnekligine-iliskin-uyarisinin-sterlin-uzerinde-baski-yaratabilecegini-soylerken-eur-gbp-087ye-toparlanmayi-hedefliyor\/","title":{"rendered":"OCBC, Burnham\u2019\u0131n mali esnekli\u011fine ili\u015fkin uyar\u0131s\u0131n\u0131n sterlin \u00fczerinde bask\u0131 yaratabilece\u011fini s\u00f6ylerken, EUR\/GBP 0,87\u2019ye toparlanmay\u0131 hedefliyor"},"content":{"rendered":"

OCBC, Ba\u015fbakan Andy Burnham y\u00f6netimi alt\u0131nda yeniden alevlenen Birle\u015fik Krall\u0131k maliye endi\u015felerinin, piyasa dostu olarak g\u00f6r\u00fclen bir hamleyle John Healey\u2019i Maliye Bakan\u0131 (Chancellor) olarak atamas\u0131na ra\u011fmen, sterlin \u00fczerinde bask\u0131 yaratabilece\u011fini s\u00f6yledi. Burnham\u2019\u0131n Birle\u015fik Krall\u0131k\u2019\u0131n mali kurallar\u0131 kapsam\u0131nda \u201cher t\u00fcrl\u00fc esnekli\u011fi\u201d kullanaca\u011f\u0131n\u0131 ima etmesinin ard\u0131ndan gilt piyasas\u0131 dalgaland\u0131; bu durum Sonbahar B\u00fct\u00e7esi ve gelecek y\u0131lki Harcama G\u00f6zden Ge\u00e7irmesi (Spending Review) \u00f6ncesinde gerilimi art\u0131rd\u0131. Banka, B\u00fct\u00e7e\u2019ye h\u00e2l\u00e2 birka\u00e7 ay olmas\u0131 nedeniyle yak\u0131n vadede at\u0131lacak mali ad\u0131mlar\u0131n s\u0131n\u0131rl\u0131, m\u00fctevaz\u0131 ve hedefli olmas\u0131n\u0131 bekliyor.<\/p>\n

Banka, EUR\/GBP\u2019de son d\u00f6nemde g\u00f6r\u00fclen d\u00fczeltmenin\u2014pariteyi bir y\u0131l\u0131n en d\u00fc\u015f\u00fck seviyesine \u00e7ekmesinin\u2014sona yakla\u015fm\u0131\u015f olabilece\u011fini de\u011ferlendiriyor ve EUR\/GBP\u2019nin \u00f6n\u00fcm\u00fczdeki aylarda 0,87\u2019ye do\u011fru toparlanaca\u011f\u0131n\u0131 \u00f6ng\u00f6r\u00fcyor. Ayr\u0131ca daha y\u00fcksek enerji fiyatlar\u0131n\u0131n Avrupa\u2019da ek faiz art\u0131\u015flar\u0131n\u0131 tetikleyebilecek bir unsur oldu\u011funa i\u015faret ederken, \u0130ngiltere Merkez Bankas\u0131\u2019n\u0131n (BoE) b\u00f6lgesel benzerlerine k\u0131yasla politika s\u0131k\u0131la\u015ft\u0131rmaya daha az yatk\u0131n oldu\u011funu savunuyor; bu da sterlindeki ek kazan\u00e7lar\u0131 s\u0131n\u0131rlayabilir.<\/p>\n

Sterlindeki Zay\u0131fl\u0131k Ortam\u0131nda T\u00fcrev F\u0131rsatlar\u0131<\/h3>\n

Sterlinin son d\u00f6nemdeki g\u00fcc\u00fcn\u00fcn s\u00f6nmeye ba\u015flamas\u0131yla birlikte, t\u00fcrev i\u015flem yapanlar\u0131n EUR\/GBP \u00e7apraz\u0131nda bir toparlanmaya pozisyon almas\u0131 i\u00e7in \u00f6nemli bir f\u0131rsat g\u00f6r\u00fcyoruz. Kur, yak\u0131n zamanda 0,8400 civar\u0131nda bir y\u0131ll\u0131k dip seviyeyi test etti ve bu da onu yukar\u0131 y\u00f6nl\u00fc bir d\u00f6n\u00fc\u015fe olduk\u00e7a a\u00e7\u0131k b\u0131rak\u0131yor. Yat\u0131r\u0131mc\u0131lar\u0131n, \u00f6n\u00fcm\u00fczdeki birka\u00e7 ay i\u00e7inde 0,8700 hedefli kullan\u0131m fiyat\u0131na sahip EUR\/GBP call opsiyonlar\u0131n\u0131 de\u011ferlendirmesini \u00f6neriyoruz.<\/p>\n

EUR\/GBP\u2019yi Yukar\u0131 Ta\u015f\u0131yacak Unsurlar: Mali Riskler ve Faiz Farklar\u0131<\/h3>\n

Sterline temkinli duru\u015fumuzun arkas\u0131nda, Ba\u015fbakan Andy Burnham d\u00f6neminde artan mali endi\u015feler yer al\u0131yor. Savunma ve kamu harcamalar\u0131na y\u00f6nelik planlar, Birle\u015fik Krall\u0131k\u2019\u0131n b\u00fct\u00e7e kurallar\u0131n\u0131 zorlayabilir. Bu siyasi belirsizlik tahvil piyasas\u0131n\u0131 \u015fimdiden tedirgin etti; yat\u0131r\u0131mc\u0131lar\u0131n daha y\u00fcksek risk primi talep etmesiyle Birle\u015fik Krall\u0131k 10 y\u0131ll\u0131k gilt getirisi %4,2 civar\u0131na y\u00fckseldi. Bu mali gerilimlerin, yakla\u015fan Sonbahar B\u00fct\u00e7esi ve Harcama G\u00f6zden Ge\u00e7irmesi \u00f6ncesinde sterlini bask\u0131 alt\u0131nda tutmas\u0131n\u0131 bekliyoruz.<\/p>\n

Ayn\u0131 zamanda, para politikas\u0131 ayr\u0131\u015fmas\u0131 euroyu sterline k\u0131yasla destekliyor. Euro B\u00f6lgesi\u2019nde\u2014k\u0131smen oynak enerji maliyetlerinin etkisiyle\u2014enflasyon bask\u0131lar\u0131 Avrupa Merkez Bankas\u0131\u2019n\u0131 (ECB) faizleri k\u0131s\u0131tlay\u0131c\u0131 seviyelerde tutmaya zorlayabilirken, \u0130ngiltere Merkez Bankas\u0131\u2019n\u0131n s\u0131k\u0131la\u015ft\u0131rmada emsallerinin gerisinde kalmas\u0131 y\u00f6n\u00fcnde g\u00fc\u00e7l\u00fc bir beklenti bulunuyor. Bu faiz fark\u0131n\u0131n, \u00f6n\u00fcm\u00fczdeki haftalarda EUR\/GBP paritesi i\u00e7in g\u00fc\u00e7l\u00fc bir destek unsuru olaca\u011f\u0131 g\u00f6r\u00fc\u015f\u00fcndeyiz.<\/p>\n

Bu trendden yararlanmak i\u00e7in t\u00fcrev yat\u0131r\u0131mc\u0131lar\u0131n, prim maliyetini s\u0131n\u0131rlarken yukar\u0131 y\u00f6nl\u00fc hareketten faydalanmay\u0131 hedefleyen EUR\/GBP \u00fczerinde bo\u011fa call spread stratejileri kurgulamas\u0131n\u0131 de\u011ferlendirmesini \u00f6neriyoruz. Mevcut d\u00fc\u015f\u00fck seviyelerde GBP call opsiyonlar\u0131 satmak veya uzun EUR\/GBP vadeli kontratlar\u0131na (futures) girmek de cazip risk-getiri profilleri sunuyor. Piyasan\u0131n Birle\u015fik Krall\u0131k\u2019\u0131n de\u011fi\u015fen mali ger\u00e7ekli\u011fini fiyatlamaya ba\u015flamas\u0131yla birlikte, bu euro lehine (bullish) pozisyonlar\u0131n korunmas\u0131n\u0131 tavsiye ediyoruz.<\/p>\n\n\n\n

Hemen i\u015flem yapmaya ba\u015flay\u0131n \u2014 ger\u00e7ek VT Markets hesab\u0131n\u0131z\u0131 olu\u015fturmak i\u00e7in buraya<\/a> t\u0131klay\u0131n.<\/b>\n\n<\/p>","protected":false},"excerpt":{"rendered":"

Sterlin r\u00fczg\u00e2r\u0131 tersine mi d\u00f6n\u00fcyor? OCBC, Burnham\u2019\u0131n mali esneklik sinyaliyle gilt oynakl\u0131\u011f\u0131n\u0131n art\u0131p GBP\u2019yi bask\u0131layaca\u011f\u0131n\u0131, BoE\u2019nin geride kalaca\u011f\u0131n\u0131; EUR\/GBP\u2019nin 0,87\u2019ye toparlanabilece\u011fini s\u00f6yl\u00fcyor.<\/p>\n","protected":false},"author":87,"featured_media":49969,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-51346","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\/51346","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=51346"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/51346\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media\/49969"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=51346"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=51346"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=51346"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}