That wire is where the speedo outputs the speed to the ECU
The input to the speedo (where I expect you'd put a
mph converter) is from the gearbox sender.
This should give you a pinout diagram.
http://www.sxoc.co.uk/vbb/showthread.php?t=231991
It's wires 25 and 26. See if the colours are red and red+yellow stripe.
One of those is the signal, the other is the neutral. Use a multimeter and see which of the two corresponding pins on the back of the clocks is joined to pin 40 (the ground connection) - that one will be the neutral one of the pair.