Speculation

Pepy's diary 15th March 1666

So I to the office all the morning, and at noon to the ‘Change, where I do hear that letters this day come to Court do tell us that we are likely not to agree, the Dutch demanding high terms, and the King of France the like, in a most braving manner. The merchants do give themselves over for lost, no man knowing what to do, whether to sell or buy, not knowing whether peace or war to expect, and I am told that could that be now known a man might get 20,000l. in a week’s time by buying up of goods in case there should be war.