That's because it's a "double U"

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But they look like Vs.. VV double v's

Phonetically, should be wubblevee

In Spanish they do call W double V which makes a lot of sense

Yeah! doble veh

In German "W" = V sound

It could be due to the "W" being written as a double "U" in the early days of the English language or less probably was named based on cursive writing.