At 03:19 UTC there was a ML3.4 earthquake at 2,5km depth at Grímsfjall volcano according to the automatic SIL system that Icelandic Met Office has. This earthquake does not appear to be a after effect of the ML4.0 earthquake at Blöndulón few moments before that. Currently there have not been any other earthquake in Grímsfjall volcano. But that might change soon if this is a start of a eruption in Grímsfjall volcano. But it is going to take few moments to be clear on what is happening.
Currently there are no indicators that a eruption is starting in Grímsfjall volcano.
Update!
This earthquake was when reviewed size ML2.3 at the depth of 2.8 km.
Text updated at 14:40 UTC on the 31st of October 2010.