The verses use a descending bass line from C to F/G that is a prominent part of this song.
C C/B C/A C/G F G Penny Lane there is a barber showing photographs
C C/B C/A C/G Cm Of every head he's had the pleasure to know
Cm/A Ab Gsus G And all the people that come and go, stop and say hello.
(as above) On the corner is a banker with a motor car The little children laugh at him behind his back
Cm/A Ab And the banker never wears a mac
Gsus F In the pouring rain, very strange
Bb Bb/D Eb Penny Lane is in my ears and in my eyes
Bb Bb/D Eb G Wet beneath the blue suburban skies, I sit and meanwhile back
In Penny Lane there is a fireman with an hourglass And in his pocket is a portrait of the Queen He likes to keep his fire engine clean, it's a clean machine (trumpet solo)
Penny Lane is in my ears and in my eyes Full of fish and finger pies in summer, meanwhile back