1.4 CVT problem (Sport light on)

Hi,
This morning when I started the car, the Sport light was on, on the dash and the engine is revving higher than normal.
To give you an idea, at 3000rpm the car is doing about 42-43mph.
And yet, if I put the gearbox into sport mode then it revs even higher.

Does anyone have any clue as to the cause of this?
Many thanks
 
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