Like messiah said, pH fluctuates during the day. It will be the lowest in the morning when the lights first come on (and then, 7.9 or 8.0 is perfectly normal), and the highest when the lights go off. The reasons for this are basic chemistry -- when the lights are on, algae photosynthesizes, which takes up carbon dioxide. When the lights are off, algae don't photosynthesize, they don't take up carbon dioxide, so the carbon dioxide accumulates in the water, carbon dioxide + water = carbonic acid, and the weak acid drops the pH until the lights come on again and the algae take in the carbon dioxide again.
You can avoid pH swings by running a refugium with macroalgae on a light schedule opposite of your display tank lights, so when the display tank lights are off, the macro algae is still photosynthesizing and taking up carbon dioxide.