Today at 08:26 UTC this morning a magnitude 3.1 earthquake took place in Katla volcano. There was minor pre-earthquake activity before the magnitude 3.1 earthquake took place, the depth of this earthquake was around 100 meters (0.1 km). There was also some minor aftershock activity following this earthquake. No change in harmonic tremor took place following this earthquake. So there is a good chance this was just part of normal autumn activity in Katla volcano. This earthquake activity did appear clearly on my geophone network. It can be viewed here on my geophone network web page.
More earthquakes like this should be expected in Katla volcano. But it is impossible to know if there is going to be an eruption in Katla volcano any time soon. But so far everything is quiet in Katla volcano. Besides occasional earthquake swarm that is taking place in Katla volcano.
Icelandic news about this earthquake activity
Blog post updated at 19:34 UTC on 03.10.2012
Blog post updated at 05:45 UTC on 04.10.2012