Unable to pair Apple watch to iPhone with latest iOS 14 beta

I have an iPhone X running on latest beta release and it's been a while I used my Apple Watch 4 series. When tried to pair the watch, I was not able to proceed further to pair as I see "Unable to Check for Update" error screen with Start over and Try Again options. 
Unable to pair Apple watch to iPhone with latest iOS 14 beta
 
 
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