BoE Minutes: Three Members Voted for Rate Hike

Although GOOGL shares closed up 5.2% in the last session, the RSI at 58 has not approached overbought territory, and the MACD presents a positive outlook. However, the interest rate hike vote in the BoE minutes could dampen global risk appetite, potentially having a limited impact on technology stocks. While the upward momentum may be maintained in the short term, the lack of direct relevance of the news to GOOGL makes it difficult to determine a clear direction. Therefore, maintaining a neutral stance appears more appropriate.

The Bank of England (BoE) minutes revealed that three members voted for a rate hike, indicating a hawkish stance in favor of sterling. This could support a short-term upward move in the GBPTRY pair. Technically, the RSI is at 65, not yet approaching overbought territory, while the MACD remains positively above its signal line. The price is trading above the 20- and 50-day moving averages, confirming the uptrend. However, caution is advised due to high volatility and potential profit-taking.

The Bank of England minutes revealed that three members voted for a rate hike, which could have a positive impact on the British pound. Technically, although the RSI is approaching overbought territory at 64, the MACD remains above its signal line and in positive territory, indicating continued upward momentum. The price is trading above both the 20-day and 50-day moving averages, supporting a short-term bullish trend. However, the elevated RSI level and limited gains over the past 24 hours suggest some risk of consolidation or profit-taking. Overall, the news flow and technical structure point to further upside in the near term.

The Bank of England's (BoE) hawkish stance on interest rate hikes could lead to a stronger pound and higher UK bond yields. This may accelerate capital outflows from emerging markets, putting pressure on the Turkish lira. In the short term, this development limits global risk appetite and could increase selling pressure on the BIST 100. However, the impact is likely to remain limited, depending on whether other central banks take similar steps.