Gun salute at the Tower of London. Image: Screen grab from video Historic Royal Palaces

The Duke and Duchess of Cambridge have announced the name of their daughter Charlotte Elizabeth Diana. Her title will be HRH Princess Charlotte of Cambridge.

Ladbrokes have estimated that betting firms across the country have paid out £1 million following the announcement, with Charlotte having been the most popular bet since the princess was born.

‘Charlotte’ has had three times as many wagers placed as other favourites Alice, Diana and Olivia.

The Princess’ birth has been marked by royal gun salutes which were fired simultaneously at Hyde Park and the Tower of London while the bells of Westminster Abbey rang out.

As Big Ben began to chime the hour at 2 pm, 41 volleys rang out across the park fired by the King’s Troop Royal Horse Artillery.

41 gun salute at Hyde Park. Image: @TheRoyalParks

At the Tower there was a 62-gun salute fired by the Honourable Artillery Company, with an extra 21 volleys for the City of London.

Just before the King’s Troop began, the Royal Artillery Band played the Stevie Wonder hit ‘Isn’t She Lovely’, a song he wrote to celebrate the birth of his own daughter.

The Abbey bell ringers begin a full peal of Cambridge Surprise Royal to mark the birth of the Princess of Cambridge pic.twitter.com/Oldg30slqS

— Westminster Abbey (@wabbey) May 4, 2015

Watching a gun salute at the Tower of London outside my London home. It’s to celebrate the birth of the new princess pic.twitter.com/jBbjGX9sMA

— Michelle Mone OBE (@MichelleMone) May 4, 2015

Gun Salute in Hyde Park…pretty decent way to celebrate a Royal birth #RoyalBaby pic.twitter.com/0NmmgLLb56

— Oli Crowe (@olicrowe) May 4, 2015