It is the first time that women's boxing has featured on the Olympic bill and Team GB are performing well.
Nicola Adams is now guaranteed a silver medal after reaching the women's flyweight final. The boxer from Leeds dominated her semi-final against Indian competitor Mery Kom to win 11-6 in a four round bout.
Adams now faces world champion Ren CanCan from China in the final. It is a repeat of the World Championship, which was won by CanCan by just one point back in May.
"I've been training for this moment since I was 12 years old and to think it is finally here is just incredible," said Adams.
The 29-year-old added: "Hopefully the crowd will give me a boost to edge away and get the gold. I've beaten her once before and I’m definitely confident I can go out and do it again."
Meanwhile, there was disappointment for Liverpool's Thomas Stalker who failed to win his quarter-final fight. He lost his light-welterweight quarter-final to Mongolia's Munkh-Erdene Uranchimeg by just one point. The British boxing squad did appeal the decision but it was dismissed by the International Amateur Boxing Association.
Stalker's coach Dave Alloway said: "Thomas gave it his best shot. He is devastated because he wanted to get a medal at his home Olympics. It was very close but the judges judge it the way they see it."
The strong performance of the Team GB boxing squad means that four men are now guaranteed to get at least bronze medallists in addition to Adams receiving at least a silver medal.
All of the boxing matches have taken place at the ExCel, which is one of the main conference facilities in London.