It is descended from Old English wé, which was pronounced something like way in modern English. It is related to German wir, Dutch wij, Frisian wy, and Danish vi.
See also:
... Bureau, the village has a total area of 1.1 km² (0.4 mi²). 1.1 km² (0.4 mi²) of it is land and none of the area is covered with water. ...