Royal baby name LIVE: Meghan and Harry baby name and pictures COULD be released TODAY

Meghan Markle gave birth to a baby boy, weighing 7lbs 3oz on Monday, May 6 at 5.26am. The news was announced by the Duke of Sussex, who appeared outside Frogmore Cottage to speak to TV cameras. Prince Harry said both mother and son were doing “incredibly well” and they were “absolutely thrilled” about the newest member of the Royal Family, who is seventh in line to the throne.

After the news broke of the arrival of the Duke and Duchess of Sussex’ son, the million dollar question remains to be answered – what will the little one be called?

Appearing outside the couple’s Windsor home Frogmore Cottage, Prince Harry said the couple were still considering different options.

He also revealed in Monday’s statement the couple planned to make another announcement in two days’ time so “everyone can see the baby” – but the name could be revealed sooner as the duke did not say exactly when more information would be announced.

There aren’t any rules for choosing royal baby names, but the decision is often guided by tradition.

But it appears royal punters have an idea of what Meghan and Prince Harry’s newborn will be named.

Alexander is currently the outright favourite, according to bookies Betfair.

However, there have also been a flurry of bets on Spencer overnight as the fresh parents could opt for a name in honour of Prince Harry’s mother – Diana Spencer.

Betfair spokeswoman Katie Baylis said: “A day after the birth of the new Royal baby and it’s Alexander into outright favouritism for the name at 7/2, with James at 4/1 after being joint favourite with Alexander for most of the day yesterday.

“Arthur, which had been the most popular boy’s name with punters throughout Meghan’s pregnancy, is the third favourite at 5/1, while a flurry of bets overnight on Spencer, the family name of Prince Harry’s mother Diana, has seen the name slashed from 8/1 to 11/2.

“Betting has been evenly spread though in the last 24 hours across a number of names, with Phillip at 9/1, Albert at 10/1 and Gregory at 11/1 also proving popular choices with punters.

“Edward, Oliver and Charles are all at 12/1 as the world waits for the big announcement.”

And the royal baby’s first name is not the only name in question – the newborn’s last name is also something Meghan and Prince Harry must decide on.

One option for the Duke and Duchess of Sussex could be the Royal Family’s name – Mountbatten-Windsor.

That name was created by combining the surnames of Queen Elizabeth II and Prince Philip when they married.

But the couple could opt to copy the Duke and Duchess of Cambridge by using the title given to them by the Queen – Sussex.

Prince William and Kate’s three children all have Cambridge on their birth certificates.

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