The Empire's frontman, Herr Barnier, is reported to be stomping his little boots in frustration at Britain's continued refusal to submit to EU commands. This alone is reasonably positive news. Better still is the initial reception of the UK's paper on a transitional period and the Irish border. This was published after a careful official leaking of the £36bn settlement figure whilst Mrs May was on holiday, making the point that whatever the EU say, the figure is linked to at least a transitional trade deal. So when Herr Verhofstadt went to print declaring the paper 'rubbish' before even reading it, it's fair to think that he was responding to the leaked figure (on which he can't comment) as much as to the UK's eminent reasonableness.
Meanwhile pundits are forecasting a change in the exchange rate wind by the end of the year, with the € unable to maintain its overvalue. A few more fipronil egg scandals (in the UK we put it on cats to stop fleas), a bit of Greece, the termination of a sick Italian bank and a return to €1.30 would shrink that €40bn offer down to £30.7bn, or allow our team to increase their offer to the Herren to €47bn without busting the leaked £36bn figure. Of course if the goes the other way towards parity no loss - it was only a leak.
All in all, I remain cheerful.