Centre-Right Wins Portuguese Elections

Portugal’s centre-right ruling coalition claimed a clear victory in a national election on Sunday after exit polls put it well ahead of the main opposition Socialists, although likely shy of an outright parliament majority.

“In the name of the coalition we are here to affirm that all the projections that are known point to a clear fact that the coalition Portugal Forward had a great victory on this election night,” Marco Antonio Costa, deputy president of the main coalition party, the Social Democrats told cheering supporters.

“We will maintain our commitment to guarantee a recovery … and will maintain an attitude of dialogue.”

The “Portugal Ahead” alliance (PaF) of the PSD and CDS-PP parties, led by incumbent Prime Minister Pedro Passos Coelho, has a much as a 12-point lead according to one opinion poll ahead of the election.
While a poll by Grupo Marktest of 1,607 people published Thursday gave “Portugal Ahead” about 41 percent of the votes to the opposition Socialist party’s 29 percent, most polls give the alliance a more modest lead.


Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza