Prime Minister Pedro Sánchez has consistently signaled his intent to complete the current legislative term through 2027, rejecting opposition calls for early dissolution despite ongoing coalition fragility with parties such as Junts and the absence of a General State Budget since 2023. Recent regional contests, including Andalusia in May 2026 where the Popular Party secured a strong position and PSOE support declined sharply, alongside similar results in Extremadura, Aragon, and Castile and León, have underscored voter shifts toward the right. Corruption investigations targeting Sánchez’s associates and family members have fueled street protests and demands for a snap vote, yet the government maintains these cases are politically motivated and has ruled out early polls. Parliamentary dynamics and scheduled events through mid-2026 remain the primary variables traders monitor for any shift in dissolution prospects.