This is going to be the last update on Katla volcano until something more happens.
Currently everything is quiet in Katla volcano. Only two earthquakes happened during the night, the larger one had the magnitude of 2,0 the smaller earthquake had the magnitude of 0,5. There is a good chance that smaller earthquakes have been taking place without being detected due to a bad weather in the area at the moment. Conductivity remains high in Múlakvísl around 180 µS/cm, it is lower today then yesterday, possibly due to heavy rain in south Iceland.
Quiet period in Katla volcano can last up to a week (in my experience). What exactly happens next is impossible to know, but it is clear that Katla volcano is getting real close to erupting. When that might happen is impossible to know as before. All that can be done is to wait and see.
Storm warning for Iceland Sunday and Monday
There is a storm warning for Iceland for Sunday and Monday. Wind gusts can go up to 40m/sec with constant wind at 20m/sec and heavy rain. Please check vedur.is for more information.