{"id":51951,"date":"2026-07-29T14:53:26","date_gmt":"2026-07-29T14:53:26","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr-mena\/uncategorized\/sterlin-fed-boe-politika-ayrismasi-ve-ingilterede-mali-endiselerin-baskisiyla-13300-seviyesinin-altina-geriledi\/"},"modified":"2026-07-29T14:53:26","modified_gmt":"2026-07-29T14:53:26","slug":"sterlin-fed-boe-politika-ayrismasi-ve-ingilterede-mali-endiselerin-baskisiyla-13300-seviyesinin-altina-geriledi","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/sterlin-fed-boe-politika-ayrismasi-ve-ingilterede-mali-endiselerin-baskisiyla-13300-seviyesinin-altina-geriledi\/","title":{"rendered":"Sterlin, Fed-BOE politika ayr\u0131\u015fmas\u0131 ve \u0130ngiltere\u2019de mali endi\u015felerin bask\u0131s\u0131yla 1,3300 seviyesinin alt\u0131na geriledi"},"content":{"rendered":"

Sterlin, ABD Dolar\u0131 kar\u015f\u0131s\u0131nda g\u00fcn i\u00e7indeki \u00f6nceki kazan\u0131mlar\u0131n\u0131 geri verdi ve \u00c7ar\u015famba g\u00fcn\u00fc 1,3300 seviyesinin alt\u0131nda i\u015flem g\u00f6rd\u00fc. B\u00f6ylece g\u00fcn genelinde neredeyse yatay kal\u0131rken, son iki haftada yakla\u015f\u0131k %1,20 d\u00fc\u015f\u00fc\u015fe yak\u0131n seyrini korudu. Piyasan\u0131n oda\u011f\u0131 para politikas\u0131ndaki ayr\u0131\u015fmaya \u00e7evrilmi\u015f durumda. Federal Rezerv\u2019in faizleri sabit tutmas\u0131 bekleniyor; buna kar\u015f\u0131n fiyatlamalar \u00e7eyrek puanl\u0131k bir art\u0131r\u0131m ihtimalini \u00fc\u00e7te bir olas\u0131l\u0131kla yans\u0131t\u0131yor. Eyl\u00fcl ay\u0131nda olas\u0131 bir hamleye kap\u0131y\u0131 a\u00e7\u0131k b\u0131rakan bir \u201cpas\u201d, \u0130ngiltere Merkez Bankas\u0131\u2019na (BoE) k\u0131yasla daha \u015fahin bir Fed e\u011filimine i\u015faret edece\u011finden GBP\/USD \u00fczerinde a\u015fa\u011f\u0131 y\u00f6nl\u00fc bask\u0131y\u0131 canl\u0131 tutabilir.<\/p>\n

BoE\u2019nin Per\u015fembe g\u00fcn\u00fc faizleri sabit b\u0131rakmas\u0131 piyasa taraf\u0131ndan geni\u015f \u00f6l\u00e7\u00fcde beklenirken, dikkatler Haziran\u2019da iki \u00fcyenin art\u0131r\u0131m y\u00f6n\u00fcnde oy kullanmas\u0131n\u0131n ard\u0131ndan kurul i\u00e7i ayr\u0131\u015fmaya \u00e7evriliyor. ING, enflasyon beklentileri kontrol alt\u0131nda kald\u0131\u011f\u0131 s\u00fcrece y\u0131l\u0131n geri kalan\u0131nda faizlerin de\u011fi\u015fmeden kalmas\u0131n\u0131 bekliyor; ancak vadeli piyasa fiyatlamalar\u0131n\u0131n y\u0131l sonuna kadar 38 baz puanl\u0131k s\u0131k\u0131la\u015fmay\u0131 i\u015faret etti\u011fini ve bunun g\u00fcvercin bir yeniden fiyatlama i\u00e7in alan b\u0131rakt\u0131\u011f\u0131n\u0131 vurguluyor. \u00d6te yandan Ba\u015fbakan Andy Burnham\u2019\u0131n elektrik faturalar\u0131n\u0131 d\u00fc\u015f\u00fcrme ve ula\u015f\u0131ma tavan fiyat uygulama \u00f6nerileri ile \u201c\u00e7al\u0131\u015fan kesime vergi art\u0131\u015f\u0131 olmayaca\u011f\u0131\u201d taahh\u00fcd\u00fc, mali finansman ve istikrar konusundaki soru i\u015faretlerini yeniden g\u00fcndeme ta\u015f\u0131d\u0131; 2022 bor\u00e7 krizi d\u00f6nemini hat\u0131rlatan bir tablo olu\u015fuyor.<\/p>\n

Merkez Bankas\u0131 Ayr\u0131\u015fmas\u0131 Ortam\u0131nda \u0130\u015flem Stratejileri<\/h3>\n

T\u00fcrev yat\u0131r\u0131mc\u0131lar\u0131n\u0131n bug\u00fcnk\u00fc Federal Rezerv karar\u0131 \u00f6ncesinde a\u011f\u0131rl\u0131kl\u0131 olarak GBP\/USD sat\u0131m (put) opsiyonlar\u0131n\u0131 almay\u0131 veya sterlin vadeli kontratlar\u0131nda k\u0131sa pozisyon almay\u0131 tercih etmelerini \u00f6neriyoruz. ABD faizleri y\u00fcksek bantta seyrederken, Fed\u2019den gelecek herhangi bir \u015fahin ton pariteyi h\u0131zla 1,3300 seviyesinin belirgin \u015fekilde alt\u0131na itebilir. Tarihsel olarak ABD ile Birle\u015fik Krall\u0131k aras\u0131ndaki para politikas\u0131 makas\u0131 a\u00e7\u0131ld\u0131\u011f\u0131nda, dolar k\u0131sa s\u00fcrede bask\u0131n bir momentum yakalama e\u011filiminde oluyor.<\/p>\n

BoE\u2019nin yar\u0131nki toplant\u0131s\u0131 belirgin bir a\u015fa\u011f\u0131 y\u00f6nl\u00fc risk ta\u015f\u0131yor; bu da k\u0131sa vadeli ima edilen volatilite stratejilerini olduk\u00e7a cazip k\u0131l\u0131yor. BoE\u2019nin pas\u0131 s\u00fcrd\u00fcrmesi ve \u015fahin muhalefetin zay\u0131f kalmas\u0131 halinde, sterlini a\u015fa\u011f\u0131 \u00e7ekecek h\u0131zl\u0131 bir g\u00fcvercin yeniden fiyatlama bekliyoruz. Yat\u0131r\u0131mc\u0131lar, prim maliyetlerini s\u0131n\u0131rlarken daha sert bir d\u00fc\u015f\u00fc\u015fe pozisyon almak i\u00e7in bear put spread\u2019lerinden yararlanabilir.<\/p>\n

Maliye Politikas\u0131 Endi\u015feleri ve Sterlinde Uzun Vadeli G\u00f6r\u00fcn\u00fcm<\/h3>\n

Ba\u015fbakan Andy Burnham\u2019\u0131n yeni harcama planlar\u0131, 2022\u2019deki mini b\u00fct\u00e7e krizine ili\u015fkin korkular\u0131 yeniden alevlendiriyor; o d\u00f6nemde sterlin dolar kar\u015f\u0131s\u0131nda tarihi dip olan 1,0350\u2019ye kadar gerilemi\u015fti. Birle\u015fik Krall\u0131k\u2019ta kamu borcunun GSYH\u2019ye oran\u0131 son verilerde zaten %100\u2019e yak\u0131n seyrederken, finansman\u0131 net olmayan sosyal refah d\u00fczenlemeleri \u00fclkenin mali g\u00fcvenilirli\u011fini zay\u0131flatma riski ta\u015f\u0131yor. Tahvil getirilerinin artan s\u00fcrd\u00fcr\u00fclebilirlik kayg\u0131lar\u0131na tepki vermesiyle birlikte, sterlinde uzun vadeli k\u0131sa pozisyonlar\u0131n korunmas\u0131n\u0131 \u00f6neriyoruz.<\/p>\n

ABD Hazine tahvilleri ile Birle\u015fik Krall\u0131k gilt getirileri aras\u0131ndaki fark\u0131n a\u00e7\u0131lmas\u0131, makro yat\u0131r\u0131mc\u0131lar\u0131n de\u011ferlendirebilece\u011fi olduk\u00e7a \u00f6ng\u00f6r\u00fclebilir bir trend sunuyor. Son veriler ABD\u2019de b\u00fcy\u00fcmenin diren\u00e7li kald\u0131\u011f\u0131n\u0131, Birle\u015fik Krall\u0131k\u2019\u0131n ise zay\u0131f verimlilik ve artan sosyal harcama taahh\u00fctleriyle zorland\u0131\u011f\u0131n\u0131 g\u00f6steriyor. \u00d6n\u00fcm\u00fczdeki haftalarda g\u00f6r\u00fclebilecek ge\u00e7ici rahatlama y\u00fckseli\u015flerinde GBP\/USD satmak, tercih etti\u011fimiz strateji olmay\u0131 s\u00fcrd\u00fcr\u00fcyor.<\/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 alarm: GBP\/USD 1,3300 alt\u0131na sarkt\u0131. Fed\u2019in olas\u0131 \u015fahin pas\u0131 ve BoE\u2019de g\u00fcvercinle\u015fme riski bask\u0131y\u0131 art\u0131rabilir. Maliye endi\u015feleri 2022\u2019yi hat\u0131rlat\u0131yor; d\u00fc\u015f\u00fc\u015flerde sat\u0131\u015f stratejisi \u00f6ne \u00e7\u0131k\u0131yor.<\/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-51951","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t