In brief

Gerp shows Flávio at 53% and Lula at 47% of valid votes.

The margin is 2 points.

What we know

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  1. Verified fact · material

    The Gerp poll released on October 21, 2026 shows Flávio Bolsonaro at 53% and Lula at 47% of valid votes in the runoff.

    Lead.

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

    The survey interviewed 2,400 voters by phone from October 19 to 21, with a 2-point margin, registration BR-03835/2026.

    Methodology.

    Sources[01][02]
  3. Verified fact

    According to CNN Brasil, Gerp's previous round showed Flávio at 52% and Lula at 48%.

    Previous round.

    Sources[01]
  4. Verified fact

    According to CNN Brasil, the poll was self-funded by the institute.

    Funding.

    Sources[01]

Transmission to assets

Market read-through

Pollsters differ on the size of the lead, keeping uncertainty until the vote.

Portfolio impact

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USD/BRLuncertain

Polls move the risk premium.

Other polls differ.

What would change the view: Confirmed at the polls.

currency20% confidence

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

Next signals

What to watch

  • Final polls
  • October 25 result

Limits of the reporting

What remains uncertain

  • Sources differ on Lula's change from the previous round.

Full sources

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