The English sit very strongly in the competition with four teams still represented and they will be happy with the draw.
In the first abandoned draw Man U drew PSG, in the second draw they got Atletico Madrid, so slightly better but still a tough test.
The other three will be much happier, Chelsea drew Lille, City drew Sporting Lisbon and Liverpool drew Inter Milan. There are no 'gimmes' in the UCL but all three will expect to pass to the quarter-finals. I would go a step or two further and say that I would not be surprised to see another all-English final this season, just like last season when Chelsea beat Man City in the final.
As mentioned before, these are superb times for the English sides as the EPL flourishes and the other European leagues seem to be in decline. Sure, Real Madrid could still win this tournament, but with Barca failing to qualify and Atletico sitting 4th and Villarreal 13th in La Liga, I don't see the Spanish as a threat, especially as Real face PSG in this round.
Similarly with the Germans, you can never right off Bayern Munich, the winners 2 years ago, but Dortmund, Leipzig and Wolfsburg failed to progress to the knock-out phase. The French may cause the English sides the biggest headache. If PSG knock out Real Madrid, they will think that they have the momentum to go all the way this time. They are a club set up to win the UCL and have so far failed to do it. This time they have Messi in the ranks and that may just give them the belief that they need.
Lille won their group and will give Chelsea a stern test. The Italians and Portuguese are also-rans in this competition in my opinion, I can't see any of them ripping up any trees. Of Sporting, Benfica, Inter and Juve I only see Juve possibly making the next round.
Of the four English sides City must stand as favourites. Klopp and Tuchel have already won the competition with their English teams and Man U have no chance. Pep knows that to seal his legacy he must win a UCL trophy with City before his departure at the end of next season. The way the team is performing in the EPL at the moment, and the way they won their UCL group raises the hopes of this City supporter!
I would sacrifice the league title for the UCL in a heart beat. But before the UCL reconvenes in February the English clubs have the hectic Christmas schedule to get through and a transfer window, only then will we have a better idea of how this season will pan out.