In brief

Ipespe shows Flávio at 51.2% and Lula at 48.8% of valid votes.

The gap is near the margin.

What we know

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  1. Verified fact · material

    The Ipespe/Abrapel poll released on October 17, 2026 shows Flávio Bolsonaro at 51.2% and Lula at 48.8% of valid votes in the runoff.

    Tight race.

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

    The survey interviewed 1,500 voters from October 13 to 15, with a 2.6-point margin of error.

    Methodology.

    Sources[01][02]
  3. Verified fact

    According to Money Times, in the previous round Flávio had 52.7% and Lula 47.3%, and the lead fell about 3 points.

    Smaller lead.

    Sources[01]
  4. Verified fact

    According to Times Brasil, the poll was self-funded by Ipespe.

    Funding.

    Sources[02]

Transmission to assets

Market read-through

Flávio's narrower lead in Ipespe reinforces the view of an open race a week before the runoff.

Portfolio impact

01
USD/BRLuncertain

Tight race sustains the 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
  • Runoff 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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