Bank of England Leaves Policy Rate Unchanged

The Bank of England's decision to keep interest rates unchanged was broadly in line with expectations, so the initial reaction was limited. The price is trading at 1.3368, below the 20-day and 50-day simple moving averages, indicating a weak short-term trend. The 14-day relative strength index is at 34, close to oversold territory, suggesting the decline may slow. The MACD is in negative territory but near its signal line, indicating balanced momentum. The tone of the policy statement and upcoming data will determine the direction; for now, a neutral picture prevails.

The Bank of England's decision to keep interest rates unchanged was in line with market expectations, so the initial reaction was limited. The absence of a signal for future rate cuts in the statement supported the pound, but did not create a significant shift in global risk appetite. No direct capital flow impact is expected for emerging markets and Turkey; rather, Fed and ECB policies continue to be decisive. In the short term, a neutral effect is expected on the TL and BIST.