{"id":52256,"date":"2026-08-03T10:51:50","date_gmt":"2026-08-03T10:51:50","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr-mena\/uncategorized\/ingilterede-fabrika-buyumesi-suruyor-temmuz-imalat-pmii-beklentileri-iskaladi-sterlin-ve-faiz-gorunumu-sogudu\/"},"modified":"2026-08-03T10:51:50","modified_gmt":"2026-08-03T10:51:50","slug":"ingilterede-fabrika-buyumesi-suruyor-temmuz-imalat-pmii-beklentileri-iskaladi-sterlin-ve-faiz-gorunumu-sogudu","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/ingilterede-fabrika-buyumesi-suruyor-temmuz-imalat-pmii-beklentileri-iskaladi-sterlin-ve-faiz-gorunumu-sogudu\/","title":{"rendered":"\u0130ngiltere\u2019de fabrika b\u00fcy\u00fcmesi s\u00fcr\u00fcyor: Temmuz imalat PMI\u2019\u0131 beklentileri \u0131skalad\u0131, sterlin ve faiz g\u00f6r\u00fcn\u00fcm\u00fc so\u011fudu"},"content":{"rendered":"

\u0130ngiltere S&P Global \u0130malat PMI, temmuzda 51,9 olarak ger\u00e7ekle\u015ferek 52,8\u2019lik konsens\u00fcs beklentisinin alt\u0131nda kald\u0131. Endeks, geni\u015fleme ile daralmay\u0131 ay\u0131ran 50,0 e\u015fi\u011finin \u00fczerinde kalarak, beklenenden zay\u0131f sonuca ra\u011fmen fabrika faaliyetlerinde b\u00fcy\u00fcmenin s\u00fcrd\u00fc\u011f\u00fcne i\u015faret etti.<\/p>\n

Veriler, beklentilere k\u0131yasla ivmenin so\u011fudu\u011funu g\u00f6stererek, \u0130ngiltere imalat ko\u015fullar\u0131na ili\u015fkin yak\u0131n vadeli g\u00f6r\u00fcn\u00fcm\u00fcn daha \u0131l\u0131ml\u0131 seyretti\u011fini teyit etti. Piyasalar, temmuzdaki sapman\u0131n tek seferlik bir s\u00fcrpriz mi yoksa \u00fcretim ve sipari\u015f e\u011filimlerinde daha geni\u015f \u00e7apl\u0131 bir yumu\u015faman\u0131n ba\u015flang\u0131c\u0131 m\u0131 oldu\u011funu tartacak.<\/p>\n

Kur ve T\u00fcrev Stratejisine Etkiler<\/h3>\n

\u0130ngiltere imalat PMI\u2019\u0131n temmuzda 51,9\u2019a gerilemesi ve 52,8\u2019lik tahminin belirgin \u015fekilde alt\u0131nda kalmas\u0131yla, sterlin \u00fczerinde k\u0131sa vadede a\u015fa\u011f\u0131 y\u00f6nl\u00fc bask\u0131 bekliyoruz. Tarihsel olarak PMI\u2019\u0131n bu \u00f6l\u00e7\u00fcde beklenti alt\u0131nda kald\u0131\u011f\u0131 d\u00f6nemlerde, GBP\/USD\u2019nin takip eden iki hafta i\u00e7inde %0,5 ile %1,2 aras\u0131nda de\u011fer kaybetme e\u011filimi \u00f6ne \u00e7\u0131k\u0131yor. Bu a\u015fa\u011f\u0131 y\u00f6nl\u00fc momentumu de\u011ferlendirmek i\u00e7in t\u00fcrev yat\u0131r\u0131mc\u0131lar\u0131na GBP\/USD\u2019de k\u0131sa vadeli sat\u0131m (put) opsiyonlar\u0131 al\u0131m\u0131n\u0131 \u00f6neriyoruz.<\/p>\n

Faizler, Tahvil Getirileri ve Hisse Senedi Piyasas\u0131nda Konumlama<\/h3>\n

Sanayi b\u00fcy\u00fcmesindeki bu yava\u015flama, \u0130ngiltere Merkez Bankas\u0131\u2019n\u0131n (BoE) ekonomiyi desteklemek amac\u0131yla y\u0131l\u0131n ilerleyen d\u00f6nemlerinde faiz indirimine gitme olas\u0131l\u0131\u011f\u0131n\u0131 art\u0131r\u0131yor. Daha d\u00fc\u015f\u00fck faizler genellikle devlet tahvili getirilerini a\u015fa\u011f\u0131 \u00e7ekerken tahvil fiyatlar\u0131n\u0131 yukar\u0131 ta\u015f\u0131r. Getirilerin mevcut yakla\u015f\u0131k %4,1 seviyesinden gerileme olas\u0131l\u0131\u011f\u0131 y\u00fcksek g\u00f6r\u00fcld\u00fc\u011f\u00fcnden, 2 y\u0131ll\u0131k UK Gilt vadeli kontratlar\u0131nda uzun (long) pozisyon al\u0131nmas\u0131n\u0131 \u00f6neriyoruz.<\/p>\n

Hisse senedi t\u00fcrevlerinde ise, zay\u0131f sterlinden genellikle olumlu etkilenen FTSE 100 endeksini hedeflemeliyiz; zira endeksteki \u00e7ok uluslu \u015firketler gelirlerinin b\u00fcy\u00fck k\u0131sm\u0131n\u0131 yabanc\u0131 para birimlerinden elde ediyor. FTSE 100\u2019de vade-i\u00e7i fiyata yak\u0131n (near-the-money) al\u0131m (call) opsiyonlar\u0131 al\u0131nmas\u0131n\u0131, buna e\u015f zamanl\u0131 olarak yurt i\u00e7i odakl\u0131 FTSE 250\u2019de k\u0131sa (short) pozisyon ta\u015f\u0131nmas\u0131n\u0131 \u00f6neriyoruz. Bu strateji, kurdan kaynaklanan do\u011fal korunmay\u0131 (hedge) de\u011ferlendirmeyi ve yava\u015flayan i\u00e7 ekonomi kaynakl\u0131 risklere kar\u015f\u0131 sermayeyi korumay\u0131 ama\u00e7l\u0131yor.<\/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":"

S\u00fcrpriz PMI bask\u0131s\u0131: \u0130ngiltere imalat PMI temmuzda 51,9\u2019la 52,8 beklentinin alt\u0131nda kald\u0131; b\u00fcy\u00fcme s\u00fcrse de ivme zay\u0131f. Sterlinde bask\u0131, BoE indirimi fiyatlamas\u0131; GBP\/USD put, long Gilt, FTSE100 call\/FTSE250 short.<\/p>\n","protected":false},"author":87,"featured_media":49973,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-52256","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