{"id":51384,"date":"2026-07-21T20:29:16","date_gmt":"2026-07-21T20:29:16","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr-mena\/uncategorized\/healeynin-maliye-bakani-olarak-atanmasiyla-sterlin-ve-gilts-istikrar-kazanirken-mali-belirsizlik-gbp-uzerindeki-baskiyi-surduruyor\/"},"modified":"2026-07-21T20:29:16","modified_gmt":"2026-07-21T20:29:16","slug":"healeynin-maliye-bakani-olarak-atanmasiyla-sterlin-ve-gilts-istikrar-kazanirken-mali-belirsizlik-gbp-uzerindeki-baskiyi-surduruyor","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/healeynin-maliye-bakani-olarak-atanmasiyla-sterlin-ve-gilts-istikrar-kazanirken-mali-belirsizlik-gbp-uzerindeki-baskiyi-surduruyor\/","title":{"rendered":"Healey\u2019nin Maliye Bakan\u0131 olarak atanmas\u0131yla sterlin ve gilts istikrar kazan\u0131rken, mali belirsizlik GBP \u00fczerindeki bask\u0131y\u0131 s\u00fcrd\u00fcr\u00fcyor"},"content":{"rendered":"

Gilt ve sterlindeki sat\u0131\u015f dalgas\u0131, Ba\u015fbakan Andy Burnham\u2019\u0131n John Healey\u2019yi Maliye Bakan\u0131 (Chancellor) olarak atamas\u0131n\u0131n ve mali kurallara ba\u011fl\u0131 kalaca\u011f\u0131n\u0131, bu kurallar\u0131n i\u00e7indeki her t\u00fcrl\u00fc esnekli\u011fi kullanaca\u011f\u0131n\u0131 s\u00f6ylemesinin ard\u0131ndan yat\u0131\u015ft\u0131. Piyasalar \u015fimdi bu esnekli\u011fin harcamalar\u0131 finanse etmek i\u00e7in nas\u0131l kullan\u0131labilece\u011fine odaklan\u0131yor; ancak mali planlar Ekim b\u00fct\u00e7esine kadar netle\u015fmeyebilir. O zamana kadar maliye politikas\u0131na ili\u015fkin belirsizli\u011fin, giltler ve GBP genelinde rahatlama rallilerini s\u0131n\u0131rlamas\u0131 muhtemel.<\/p>\n\n

Birle\u015fik Krall\u0131k May\u0131s i\u015fg\u00fcc\u00fc piyasas\u0131 g\u00f6stergeleri, at\u0131l kapasiteye i\u015faret etti. \u0130\u015fsizlik oran\u0131 \u00fcst \u00fcste ikinci ay %4,9\u2019da kal\u0131rken, a\u00e7\u0131k i\u015f say\u0131s\u0131n\u0131n i\u015fsizli\u011fe oran\u0131 0,4 seviyesinde seyretti; bu oran, tahmini denge seviyesi olan 0,50\u2019nin alt\u0131nda. Faiz taraf\u0131nda swap e\u011frisi, Kas\u0131m\u2019da Bank of England\u2019\u0131n (BoE) politika faizini %4,00\u2019e ta\u015f\u0131yacak tam 25 bp\u2019lik bir art\u0131\u015f\u0131 ve \u00f6n\u00fcm\u00fczdeki 12 ayda toplam 60 bp s\u0131k\u0131la\u015fmay\u0131 fiyatl\u0131yor; bu da politikay\u0131 BoE\u2019nin %2,00-%4,00 aral\u0131\u011f\u0131ndaki tahmini n\u00f6tr band\u0131n\u0131n \u00fczerinde b\u0131rak\u0131yor. Ekonomi potansiyelin alt\u0131nda \u00e7al\u0131\u015f\u0131rken bu yap\u0131, GBP\u2019ye k\u0131yasla BoE faiz beklentilerinin a\u015fa\u011f\u0131 y\u00f6nl\u00fc revize edilme alan\u0131n\u0131 art\u0131r\u0131yor.<\/p>\n\n

Mali Belirsizlik D\u00f6neminde Trader Rehberi<\/h3>\n\n

T\u00fcrev \u00fcr\u00fcn yat\u0131r\u0131mc\u0131lar\u0131na temkinli kalmalar\u0131n\u0131 ve \u0130ngiliz Sterlini (GBP) ile Birle\u015fik Krall\u0131k giltlerinde g\u00f6r\u00fclebilecek ge\u00e7ici rahatlama rallilerine al\u0131m y\u00f6n\u00fcnde kat\u0131lmaktan ka\u00e7\u0131nmalar\u0131n\u0131 \u00f6neriyoruz. John Healey\u2019nin Maliye Bakan\u0131 olarak atanmas\u0131n\u0131n ard\u0131ndan piyasa istikrar kazansa da, Ekim b\u00fct\u00e7esine kadar net maliye politikas\u0131 detaylar\u0131n\u0131n olmamas\u0131 yat\u0131r\u0131mc\u0131lar\u0131 tedirgin tutacakt\u0131r. Tarihsel olarak, benzer siyasi ve mali ge\u00e7i\u015f d\u00f6nemleri sterlinin yukar\u0131 potansiyelini s\u0131n\u0131rlam\u0131\u015f; \u00f6nceki Birle\u015fik Krall\u0131k liderlik de\u011fi\u015fimlerinde g\u00f6r\u00fclen oynakl\u0131\u011fa benzer \u015fekilde hareket etmi\u015ftir.<\/p>\n\n

\u0130\u015fg\u00fcc\u00fc Piyasas\u0131 Verileri ve Politika Etkileri<\/h3>\n\n

GBP\u2019ye y\u00f6nelik negatif g\u00f6r\u00fc\u015f\u00fcm\u00fcz, Birle\u015fik Krall\u0131k i\u015fsizlik oran\u0131n\u0131n %4,9\u2019da yatay kald\u0131\u011f\u0131n\u0131 g\u00f6steren son i\u015fg\u00fcc\u00fc piyasas\u0131 verileriyle g\u00fc\u00e7leniyor. Ayr\u0131ca a\u00e7\u0131k i\u015f say\u0131s\u0131n\u0131n i\u015fsizli\u011fe oran\u0131 0,4\u2019te dura\u011fan seyrederken, 0,5\u2019lik denge seviyesinin belirgin \u015fekilde alt\u0131nda bulunuyor. \u0130\u015fg\u00fcc\u00fc piyasas\u0131ndaki bu kal\u0131c\u0131 at\u0131l kapasite, \u00fccret bask\u0131lar\u0131n\u0131n so\u011fudu\u011funa i\u015faret ediyor ve bu durumun ekonomik b\u00fcy\u00fcmeyi a\u015fa\u011f\u0131 \u00e7ekmesi muhtemel.<\/p>\n\n

Halihaz\u0131rda swap piyasalar\u0131, BoE\u2019nin Kas\u0131m\u2019a kadar faizi 25 baz puan art\u0131rarak %4,00\u2019e \u00e7\u0131karaca\u011f\u0131n\u0131 fiyatl\u0131yor; bu seviye tahmini n\u00f6tr band\u0131n tam \u00fcst s\u0131n\u0131r\u0131nda yer al\u0131yor. Birle\u015fik Krall\u0131k ekonomisi potansiyelin alt\u0131nda \u00e7al\u0131\u015ft\u0131\u011f\u0131 i\u00e7in, trader\u2019lara GBP\u2019de maj\u00f6r para birimlerine kar\u015f\u0131 k\u0131sa pozisyon \u00f6nermekte ve k\u0131sa vadeli faiz vadeli i\u015flemlerinde uzun pozisyon al\u0131nmas\u0131n\u0131 tavsiye etmekteyiz. \u00d6n\u00fcm\u00fczdeki haftalarda BoE faiz beklentilerinde a\u015fa\u011f\u0131 y\u00f6nl\u00fc bir d\u00fczeltme bekliyoruz; bunun hem gilt getirileri hem de sterlin \u00fczerinde a\u015fa\u011f\u0131 y\u00f6nl\u00fc bask\u0131 olu\u015fturmas\u0131 gerekir.<\/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":"

Sterlinde f\u0131rsat m\u0131, tuzak m\u0131? Healey atamas\u0131 sonras\u0131 gilt\/GBP sakinle\u015fti ancak Ekim b\u00fct\u00e7esine kadar mali belirsizlik s\u00fcr\u00fcyor. Zay\u0131f i\u015fg\u00fcc\u00fc piyasas\u0131 BoE faiz beklentilerini a\u015fa\u011f\u0131 \u00e7ekebilir: GBP\u2019de k\u0131sa, faiz kontratlar\u0131nda uzun.<\/p>\n","protected":false},"author":87,"featured_media":50104,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-51384","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\/51384","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=51384"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/51384\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media\/50104"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=51384"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=51384"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=51384"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}