After days of speculation, the Duke and Duchess of Cambridge have announced the name of their daughter, calling her Charlotte Elizabeth Diana.

The three-day-old princes will be titled Her Royal Highness Princess Charlotte of Cambridge and is forth in line to the throne after her grandfather, father and older brother.

• ‘Princess Charlotte’ favourite with punters
• Little princess only 180 years in the making
• William and Kate show off new baby daughter

Charlotte Elizabeth Diana.

Her first name appears to be a nod to her grandfather Prince Charles of Wales, while her middle name is a tribute to her great-grandmother Queen Elizabeth II.

The Duchess of Cambridge’s middle name is also Elizabeth.

Charlotte also bears the name of her late grandmother, Princess Diana of Wales, who died when her father Prince William was 15.

The princess was born at 8.45am local time on Saturday, with bookmakers taking bets on names like Alice, Diana and Victoria ahead of the birth.

On Monday, Charlotte was honoured with gunfire salutes across London at Hyde Park and the Tower of London, while the bells rang at Westminster Abbey where her parents were married four years ago.

She is the first royal female who won’t be overtaken by her younger brothers in the succession line after a change to the law in 2012.

The Duke and Duchess of Cambridge are delighted to announce that they have named their daughter Charlotte Elizabeth Diana.

— Kensington Palace (@KensingtonRoyal) May 4, 2015

The baby will be known as Her Royal Highness Princess Charlotte of Cambridge.

— Kensington Palace (@KensingtonRoyal) May 4, 2015

A 41 Royal Gun Salute for a Royal Princess in #HydePark http://t.co/2tsFXKfoaR pic.twitter.com/WWkRtnK3hu

— The Royal Parks (@theroyalparks) May 4, 2015

Today there was a 62-round gun salute @TowerOfLondn to mark the birth of The Princess of Cambridge https://t.co/5KUmXMVhzx

— HistoricRoyalPalaces (@HRP_palaces) May 4, 2015