As Fourth of July celebrations get under way across the United States, London will hold its own tribute to America's 40th President, Ronald Reagan, with the unveiling of a bronze statue outside the American embassy in Grosvenor Square.

President Ronald Reagan watches as British Prime Minister Margaret Thatcher speaks November 16, 1988 in Washington, DC.

Former president Reagan will stand alongside other celebrated US heads of state such as Franklin D. Roosevelt and Dwight D. Eisenhower and was considered important enough for Westminster City Council to break its rule specifying that ten years must pass after a subject's death before they can be immortalized in statue form.