Today (07-January-2021) two earthquakes with magnitude of Mw3,1 and Mw3,2 took place in Reykjanes volcano. A swarm of smaller earthquakes is currently ongoing in the volcano.
This earthquake activity has been going on for one year. Inflation was detected on 21-January-2020 by Icelandic Met Office and it has continued since then. Area of activity is now larger then it was at the start of this activity. There is currently no sign that an eruption is about to start but that might change without warning.