wcf in monodroid application not working

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WCF

I'm having difficulties with accessing a WCF service. My service is
running in the same solution as the MonoDroid App and is hosted by visual
studio. I configured it as BasicHttp. The reference adds ok but at runtime
when I call the one simple test method, I get ;

System.Net.WebException: Error: ConnectFailure (Connection refused).
I'm calling the service on http://localhost:51559. Could this be a

similar issue to cross domain web service querying with JQuery? Is the
request seen as coming from localhost (the emulator) as well?

Thanks to anyone who takes interest in this.