The bank said that the stimulus programme's bond purchases would be halved to €15bn per month from October.
The Pound found itself trending lower against a basket of other currency majors on Friday, including the US Dollar (GBP/USD) and Euro (GBP/EUR).
Underpinning gold is geopolitical tension related to trade issues between the United States and China.
The Euro US Dollar (EUR/USD) exchange rate climbed on Thursday, reversing yesterday's brief fall after US Fed Chairman Jerome Powell stressed than an inflation overshoot will be allowed.
Mr Draghi made the announcement at a news conference following the bank's meeting to discuss eurozone monetary policy.
Evacuation order lifted for residents affected by Buffalo Fire in Summit County
The closure will remain in effect "until the forest receives sufficient moisture to improve conditions", according to a statement. About 50 firefighters were battling the blaze initially, but more were on the way, along with heavy air tankers and helicopters.
The trade moves triggered profit-taking in European stock markets, a day after they benefited handsomely from the ECB s accommodating policy stance.
"These opposing views should see interest rates diverging more between the two most powerful central banks in the US's favour which should continue to lend support to the dollar".
Investors, though, seized on comments indicating that interest rates would stay at record lows at least through the summer of 2019.
"The ECB has laid the foundations to begin normalisation next year but the process will be very gradual given below target inflation and current geopolitical uncertainties", ANZ economists said.
Mr Draghi said: "With longer term inflation expectations well anchored, the underlying strength of the Euro area economy and the continuing ample degree of monetary accommodation provide grounds to be confident that the sustained convergence of inflation towards our aim will continue in the period ahead and will be maintained even after a gradual winding down of our net asset purchases".
Queen, Meghan cheered by crowds on first joint royal trip
The Queen doesn't indulge in worries and she didn't spend a lot of time checking on Meghan, but instead let her get on with it. Meghan Markle and the Queen have just arrived in Cheshire on their very first joint public engagement alone together.
The Dow Jones Industrial Average fell 49.71 points, or 0.2 percent, to 25,151.49, but the S&P 500 gained 4.48 points, or 0.16 percent, to 2,780.11 and the Nasdaq Composite added 50.68 points, or 0.66 percent, to 7,746.38.
ASIA'S DAY: Japan's Nikkei 225 sank 1 percent to 22,738.61 while South Korea's Kospi plunged 1.8 percent 2,423.48.
For years since the Great Recession, central banks around the world have thrown massive amounts of stimulus at markets, chiefly through the purchase of billions of dollars of bonds each month.
MSCI's gauge of stocks across the globe shed 0.05 percent, while Wall Street wavered, with two of the three main indexes up after better-than-expected May retail sales data.
Just hours before the ECB's announcement, the US Federal Reserve hiked interest rates for the second time in 2018, bringing into sharp focus the fact that the flow of easy money in Europe and America over the past decade is gradually ending.
County Prosecutors Reviewing Sexual Assault Allegation Against Sylvester Stallone
They were passed the details by police in Santa Monica, who received a complaint in December. Crimes committed before then must be prosecuted within 10 years of the date of the crime .
West Texas Intermediate (WTI) crude oil futures were up 0.2 per cent at US$67.02 per barrel, while Brent was at US$76.02.