It will be free play somewhere in the steering (or possibly front suspension). I would look first at tie rod ends, and then at the panhard rod bushes. Also while at it check for a loose steering box, or the pitman arm loose on its shaft. Get someone to move the wheel back and forth while you crawl under and look for the lost movement or even better the clunk.
It could be in the steering box, swivels or, as you have checked, wheel bearings, although these, except for the box, do not usually clunk, or at least not before the clunk is the least of your worries. And CV joints usually only give noise when turning.
John
P.S. Late thought - check the wheel nuts, although if you checked wheel bearing you would probably have found these.
John
JDNSW
1986 110 County 3.9 diesel
1970 2a 109 2.25 petrol
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