Recent polling averages place the PP first and the PSOE second ahead of the November 29 snap election, with the PSOE holding a clear lead over Vox for that position. The PSOE has posted modest gains in the latest surveys while the PP has slipped slightly, narrowing the gap between the two major parties without altering the overall order. Vox continues to rise but remains projected behind the PSOE in seat forecasts. These trends, consistent across multiple pollsters, underpin trader pricing that assigns the PSOE the highest implied probability for second place. The PP shows lower odds for finishing second given its frontrunner status, while smaller parties and coalitions register minimal probabilities consistent with their limited projected representation. The election timeline leaves limited room for further shifts before voting.