{"id":51535,"date":"2026-07-23T09:59:20","date_gmt":"2026-07-23T09:59:20","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr-mena\/uncategorized\/ing-faizlerin-asagi-yonlu-seyriyle-sterlinin-yaz-kazanclarinin-sonumlenecegini-eur-gbpnin-yil-sonuna-kadar-088e-yukselecegini-ongoruyor\/"},"modified":"2026-07-23T09:59:20","modified_gmt":"2026-07-23T09:59:20","slug":"ing-faizlerin-asagi-yonlu-seyriyle-sterlinin-yaz-kazanclarinin-sonumlenecegini-eur-gbpnin-yil-sonuna-kadar-088e-yukselecegini-ongoruyor","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/ing-faizlerin-asagi-yonlu-seyriyle-sterlinin-yaz-kazanclarinin-sonumlenecegini-eur-gbpnin-yil-sonuna-kadar-088e-yukselecegini-ongoruyor\/","title":{"rendered":"ING, faizlerin a\u015fa\u011f\u0131 y\u00f6nl\u00fc seyriyle sterlinin yaz kazan\u00e7lar\u0131n\u0131n s\u00f6n\u00fcmlenece\u011fini; EUR\/GBP\u2019nin y\u0131l sonuna kadar 0,88\u2019e y\u00fckselece\u011fini \u00f6ng\u00f6r\u00fcyor."},"content":{"rendered":"

ING analistleri, sterlinin yaz rallisini Birle\u015fik Krall\u0131k temellerindeki bir iyile\u015fmeden ziyade pozisyonlanma, carry ve olas\u0131 birle\u015fme-devralma (M&A) ak\u0131mlar\u0131na ba\u011fl\u0131yor. Ana senaryolar\u0131, Birle\u015fik Krall\u0131k\u2019ta k\u0131sa vadeli faizlerin kademeli olarak a\u015fa\u011f\u0131 kaymas\u0131; sonbahara girilirken mali risklerin yeniden g\u00fcndeme gelmesi ve bunun sonucunda sterlinin son d\u00f6nemdeki kazan\u00e7lar\u0131n\u0131n bir k\u0131sm\u0131n\u0131 geri vermesi y\u00f6n\u00fcnde. EUR\/GBP\u2019nin y\u0131l sonuna kadar 0,88\u2019e do\u011fru y\u00fckselmesini bekliyorlar.<\/p>\n\n

Faiz fark\u0131 g\u00f6r\u00fcn\u00fcm\u00fcne dayanarak, EUR\/GBP\u2019nin mevcut seviyelerden daha yukar\u0131da i\u015flem g\u00f6rmesini ve 2027\u2019de 0,90\u2019a ula\u015fmas\u0131n\u0131 \u00f6ng\u00f6r\u00fcyorlar. Kamu maliyesinde, k\u0131sa vadede daha olumlu bir arka plan tarif etseler de, daha uzun vadede bor\u00e7lanman\u0131n mevcut b\u00fct\u00e7e planlar\u0131n\u0131n \u00fczerine \u00e7\u0131kaca\u011f\u0131n\u0131 d\u00fc\u015f\u00fcn\u00fcyorlar. Dolar baca\u011f\u0131nda ise, Fed\u2019in bu d\u00f6ng\u00fcde s\u0131k\u0131la\u015ft\u0131rmaya gitmedi\u011fini varsay\u0131yor ve \u201ccable\u201d\u0131n bant i\u00e7inde kalaca\u011f\u0131n\u0131; GBP\/USD\u2019nin 1,32-1,36 aral\u0131\u011f\u0131nda seyredece\u011fini tahmin ediyorlar.<\/p>\n\n

Sterlin Rallisinin S\u00fcr\u00fcc\u00fcleri ve EUR\/GBP G\u00f6r\u00fcn\u00fcm\u00fc<\/h3>\n\n

Sterlindeki son yaz g\u00fc\u00e7lenmesinin sa\u011flam temellere dayanmad\u0131\u011f\u0131; g\u00fc\u00e7l\u00fc Birle\u015fik Krall\u0131k b\u00fcy\u00fcmesinden ziyade ge\u00e7ici pozisyonlanma ve carry trade ak\u0131mlar\u0131yla beslendi\u011fi g\u00f6r\u00fc\u015f\u00fcndeyiz. \u0130ngiltere Merkez Bankas\u0131\u2019n\u0131n (BoE) k\u0131sa vadeli faizleri mevcut seviyelerden daha da a\u015fa\u011f\u0131 \u00e7ekmesi beklendi\u011finden, pound i\u00e7in getiri (yield) deste\u011fi h\u0131zla zay\u0131fl\u0131yor. T\u00fcrev i\u015flem yapanlar\u0131n, \u00f6n\u00fcm\u00fczdeki haftalarda uzun GBP pozisyonlar\u0131n\u0131 kademeli olarak azaltarak bu de\u011fi\u015fime haz\u0131rlanmas\u0131 gerekiyor.<\/p>\n\n

EUR\/GBP call opsiyonlar\u0131n\u0131n al\u0131nmas\u0131n\u0131 veya spotta uzun pozisyon kurulmas\u0131n\u0131 \u00f6neriyoruz; hedef, 2026 sonuna kadar 0,88\u2019e do\u011fru bir hareket. EUR\/GBP \u015fu anda 0,84 civar\u0131nda tarihsel olarak \u201cucuz\u201d seviyelerde i\u015flem g\u00f6r\u00fcyor; bu da yukar\u0131 y\u00f6nl\u00fc volatiliteye maruz kalmay\u0131 maliyet a\u00e7\u0131s\u0131ndan olduk\u00e7a cazip k\u0131l\u0131yor. Tarihsel olarak, Birle\u015fik Krall\u0131k ile Euro B\u00f6lgesi k\u0131sa vadeli tahvilleri aras\u0131ndaki getiri fark\u0131 darald\u0131\u011f\u0131nda, EUR\/GBP kay\u0131plar\u0131n\u0131 h\u0131zl\u0131 \u015fekilde geri al\u0131yor.<\/p>\n\n

GBP\/USD Band\u0131 ve Mali Risklerin Etkileri<\/h3>\n\n

GBP\/USD taraf\u0131nda, zay\u0131flayan ABD dolar\u0131n\u0131n a\u015fa\u011f\u0131 y\u00f6n\u00fc s\u0131n\u0131rlamas\u0131yla paritenin 1,32-1,36 band\u0131nda tavan olu\u015fturmas\u0131n\u0131 bekliyoruz. Yat\u0131r\u0131mc\u0131lar, 1,35 seviyesine yak\u0131n GBP\/USD y\u00fckseli\u015flerini k\u0131sa vadeli strangle stratejileriyle satarak bu bant hareketinden faydalanabilir. Bu strateji, daha zay\u0131f bir dolar\u0131n, Birle\u015fik Krall\u0131k i\u00e7 dinamiklerindeki zay\u0131fl\u0131\u011fa ra\u011fmen GBP\/USD\u2019yi ayakta tuttu\u011fu ge\u00e7mi\u015f d\u00f6ng\u00fclerle de uyumlu.<\/p>\n\n

Son olarak, sonbahar b\u00fct\u00e7esine yakla\u015f\u0131rken Birle\u015fik Krall\u0131k mali risklerinin yeniden \u00f6ne \u00e7\u0131kmas\u0131n\u0131 ve bunun pound \u00fczerinde a\u015fa\u011f\u0131 y\u00f6nl\u00fc bask\u0131 yaratmas\u0131n\u0131 bekliyoruz. K\u0131sa vadeli kamu bor\u00e7lanma verileri ge\u00e7ici olarak istikrarl\u0131 g\u00f6r\u00fcnebilse de, uzun vadeli g\u00f6r\u00fcn\u00fcm borcun mevcut h\u00fck\u00fcmet planlar\u0131n\u0131n \u00fczerine \u00e7\u0131kaca\u011f\u0131na i\u015faret ediyor. T\u00fcrev piyasas\u0131 oyuncular\u0131n\u0131n, bu mali ger\u00e7ekler fiyatlanmadan \u00f6nce ani a\u015fa\u011f\u0131 y\u00f6nl\u00fc hareketlere kar\u015f\u0131 korunmak amac\u0131yla \u015fimdiden GBP put opsiyonlar\u0131 almas\u0131 gerekiyor.<\/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 rallisi sa\u011flam temelden de\u011fil; pozisyonlanma, carry ve M&A\u2019den besleniyor. BoE faiz indirimi ve sonbahar mali riskleriyle kazan\u00e7lar geri verilebilir. ING: EUR\/GBP 0,88; GBP\/USD 1,32-1,36.<\/p>\n","protected":false},"author":87,"featured_media":50045,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-51535","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\/51535","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=51535"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/51535\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media\/50045"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=51535"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=51535"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=51535"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}