

It was a place that we both knew, and so we both knew the things that turned up in the story. I'd get a bus to his house and I'd have to change at Penny Lane, or the same with him to me, so we often hung out at that terminus, like a roundabout. "Penny Lane" was kind of nostalgic, but it was really a place that John and I knew. Bus journeys via Penny Lane and the area itself subsequently became familiar elements in the early years of the Lennon–McCartney songwriting partnership. The roundabout was a frequent stopping place for John Lennon, Paul McCartney and George Harrison during their years as schoolchildren and students. The name also applies to the area surrounding its junction with Smithdown Road and Allerton Road, and to the roundabout at Smithdown Place that was the location for a major bus terminus, originally an important tram junction of Liverpool Corporation Tramways. Penny Lane is a road in the south Liverpool suburb of Mossley Hill. In 2006, Mojo ranked the song at number 9 of "The 101 Greatest Beatles Songs".

In 2021, Rolling Stone ranked the track at number 280 on its list of the " 500 Greatest Songs of All Time". In November 1967, "Penny Lane" was included on the US Magical Mystery Tour album. In Britain, due to chart protocol regarding double A-sides, it was the first Beatles single since " Please Please Me" in 1963 to fail to reach number 1 on the Record Retailer chart. "Penny Lane" was a top-five hit across Europe and topped the US Billboard Hot 100. Session musician David Mason played a piccolo trumpet solo for its bridge section. The song features numerous modulations that occur mid-verse and between its choruses.

Instead, after it was issued as a single to satisfy record company demand for a new release, the band adhered to their policy of omitting previously released singles from their albums. The Beatles began recording "Penny Lane" in December 1966, intending it as a song for their album Sgt. The lyrics refer to Penny Lane, a street in Liverpool, and make mention of the sights and characters that McCartney recalled from his upbringing in the city. It was written primarily by Paul McCartney and credited to the Lennon–McCartney songwriting partnership. " Penny Lane" is a song by the English rock band the Beatles that was released in February 1967 as a double A-side single with " Strawberry Fields Forever". " Penny Lane" / " Strawberry Fields Forever" " Strawberry Fields Forever" (double A-side)
