Penny Lane by The Beatles is played in the key of B at a advanced difficulty level, originally released in the 1960s. It uses 4 chords — B G#m E F# — arranged in the I-vi-IV-V progression.
About the I-vi-IV-V progression
The I-vi-IV-V progression is the classic 1950s "doo-wop" pattern. From home, it moves to the relative minor, then through the subdominant to the dominant, creating a gentle rocking-chair feel that defined early rock and roll harmony. Countless doo-wop, oldies, and pop ballads use this shape.
Playing in the key of B
B major is a barre-chord key — every primary chord (B, E, F#) requires a barre. Most guitarists play songs in B by capoing up and using easier open shapes from a nearby key.
Related songs
More songs in the key of B
More songs using the I-vi-IV-V progression
Learn to play Penny Lane by The Beatles on guitar. It sits in the key of B and uses the I-vi-IV-V progression with the chords B G#m E F#.