The Bank of England (BoE) reported on Monday that British households' borrowing fell in August as consumer confidence was impacted by uncertainties surrounding Brexit.

According to the report, the number of mortgage approvals for house purchase declined to 65,500 in August from 67,000 in July. That was below the forecast of 66,400.

Meanwhile, borrowing for house purchases dropped to GBP 3.9 billion last month from GBP 4.5 billion in July.

Consumer credit growth slowed to 5.4 percent in August, which was the lowest since February 2014. At the same time, lending to businesses increased to GBP 2.4 billion in August from GBP 2.3 billion in July.