The US First Lady, Michelle Obama, who has a warm relationship with the Queen, will also be at Buckingham Palace and represent her husband at the Olympics although the White House has not confirmed if the Obama daughters, Malia and Sasha, will also attend the Games.
But President Obama has less pleasant Olympic memories, being humiliated when the IOC awarded just a handful of votes to Chicago's 2016 Olympic bid despite his last minute glad-handing of voting members in Copenhagen in 2008.
But with the presidential election four months away, Obama may not want Romney to be the only leader associated with the Games, especially if the US are strongly vying with the Chinese at the top of the Olympic medal tally.
One of the test scenarios put to the Olympic basketball venue manager over the past few months was determining who would be ejected from the VIP seating if Obama and his extensive security entourage turned up with just 30-minutes notice.
Earlier this week Obama and vice president Joe Biden witnessed the USA Olympic basketball team in their final exhibition game against Brazil before leaving for England.
"Obviously the talent that we have got at this point is unbelievable," said Obama in the half-time break of the match as LeBron James and Kobe Bryant dominated the court.
?So there?s no reason that we shouldn?t bring home the gold. We just have to stay focused.?
Romney will also attend two UK fund-raisers to help his election campaign, now organised by a host of global banking leaders after former Barclays chief executive Bob Diamond resigned in the wake of the Libor rate scandal.
Lanhee Chen, Romney's policy director, explained the overseas trip was to "listen and learn, to visit countries that share common values, common interests and in many cases share heritage with people in the United States".
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