I may be wrong about the actual reason for this - as ‘double V’ is also quite common - and it may just end up being some kind of ‘well when the printing press came to England’ thing, but:

In the classical Latin alphabet, the letter ‘V’ was not actually representative of what we today recognise as the /uv sound (or its variants). It was in fact the written form of the /u/ sound (and related variants). So when the W was introduced to the English alphabet, I guess it was indeed a ‘double /u/‘.