The pressure on the gauge is not responsible for the hot water fault. As long as you have around 1-1.5 on the gauge every thing should work.
You don't mention the make and model. Most combi's have either got a divertor valve or a flow sensing valve to detect the operation of a hot tap. The source of your problem probably lies there. Don't know how long ago you asked your question (only just found this site a couple of days ago).
Add the make and model if you are still having problems.
23/4/07
T.H.S
April 2007