** Shorting UK property, financial and materials stocksrecommended as the best way to hedge any risk of a Brexit
** Continued warnings from the Bank of England andbusinesses see brokers looking to hedge the unlikely event of aBritish exit from the European Union
** Governor Mark Carney said on Tuesday the central bankdetects economic uncertainty ahead of a possible vote
** JPM says base case still for the UK to remain, butsuggests shorting basket of stocks most exposed to a Brexit forthose more bearish
** Sees Berkeley as best short in property sectordue to its skew to London and foreign investors
** Banks (RBS, Lloyds, Barclays )at risk if Brexit puts a Scottish referendum back on the agenda
** Aviva, Schroders and Henderson all have significant assets in Europe, LSE could seeissues from its Italian-based Monte Titoli clearing arm
** In industrials and materials, midcap Victrex among the most exposed: has three quarters of its cost base inthe UK but just 3 pct of sales; Rolls Royce, Croda and Johnson Matthey also exposed, JPM says
** Sterling at 7 yr lows ; likely to weakenfurther on any uncertainty
** Best odds on Brexit still 2/1; best odds for UK to remain2/5
(RM: alasdair.pal.thomsonreuters.com@reuters.net)