Today (27-January-2020) at 18:53 UTC an earthquake with the magnitude of Mw3,1 took place just north of the town of Grindavík. This earthquake activity is in a volcano inside the volcano system of Reykjanes in its fissure swarm.
The earthquake activity north of Grindavík town and north of Þorbjörn mountain. Copyright of this image belongs to Icelandic Met Office.
More earthquake activity can be expected in this area for next few days to months. Current inflation is around 4mm/day and shows no signs of slowing down according the news and GPS measurements.
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