Are you still having speedo problems? Could be a slipping clutch. That would make it read fast. That is how I knew I needed a new clutch on my Beretta.
I've never seen a speedo that was driven pre-transmision. I suppose it's possible but...
Echo, when you first start the car, do the gauges all jump to max, drop down, then jump to operating parameters? If the speedo does this, then it's actually stepper driven and you have most likely have an electrical problem.
If NOT, then you have an analog speedo and the temp probably dropped low enough to thicken the fluid in the viscous coupling within the speedo.
That used to happen every winter on my Grand National and on my 83 Toyota pickup.