Story lacking pace remains in cover (4,3)

I believe the answer is:

lies low

'remains in cover' is the definition.
(to lie low is to hide)

'story lacking pace' is the wordplay.
'story' becomes 'lie' (story can mean a fabrication).
'lacking pace' becomes 'slow'.
'lie'+'slow'='LIES LOW'

(Other definitions for lies low that I've seen before include "Stays hidden" , "holes up" .)

I've seen this clue in The Guardian.

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