In brief

BTG/Nexus shows Flávio at 50.3% and Lula at 49.7% of valid votes.

It is a statistical tie.

What we know

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  1. Verified fact · material

    The BTG/Nexus poll shows Flávio Bolsonaro at 50.3% and Lula at 49.7% of valid votes in the runoff.

    Statistical tie.

    Sources[01][02]
  2. Verified fact · material

    The survey interviewed 2,002 voters by phone from October 16 to 18, 2026, with a 2-point margin of error, and was released on October 19.

    Methodology.

    Sources[01][02]
  3. Verified fact

    According to Times Brasil, in the previous round Flávio had 51.6% and Lula 48.4%.

    Narrower lead.

    Sources[02]
  4. Verified fact

    The poll is commissioned by BTG Pactual.

    Sponsor.

    Sources[01]

Transmission to assets

Market read-through

The run of polls with a narrower Flávio lead reinforces the view of a race open to the end.

Portfolio impact

01
USD/BRLuncertain

Tight race sustains risk premium.

Already priced.

What would change the view: New polls.

currency30% confidence

Direction is an explanatory hypothesis, not a forecast or recommendation.

Next signals

What to watch

  • Upcoming polls
  • Final debates

Limits of the reporting

What remains uncertain

  • Polls measure intention at a point in time and may change before the election.

Full sources

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