Sounds like a dry bearing in something to me...my mums old Ford makes the same sort of noise, its the alternator but as its charging ok we arent changing it yet. It is 12 years old with 100k on it though!
The Peugeot is still under warranty isnt it, get it into the dealer and get them to leave it overnight to test...book in advance and get a loan car so all is convenient.
The first thing I would do is take the aux belt off, spin everything that spins and see if there is any roughness in bearings. Shouldnt be the water pump or timing belt pulleys unless the mileage is very high in which case they should have already been changed, but then it is a Peugeot so I wouldnt like to guess without seeing it!
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