UPDATE:
Called into local dealer this morning, and found that the sensor was faulty. It should trigger the system if there is a significant difference in one corner over the other three.
Incidentally, there was no puncture, nail or leaking valve. The discrepancy I think was probably induced by my dealer, as it is not long ago that I had the second service (23k), and the tyres were checked during this time. I think they have failed to inflate correctly this particular wheel, thus causing the big difference.
New one ordered, to be replaced under warranty.